This document is used by a buyer hereinafter referred to as the “Grantee” to accept an offer to purchase the shares owned by the seller hereinafter referred to as the “Grantor” in accordance with the call option agreement executed by the parties.
Description
This notice is used after execution of a call option agreement.
Jurisdiction
This document is intended for use in the United Arab Emirates.
Disclaimer
This document is provided for reference only and is not intended to be, and should not be considered, legal advice. Determinations about whether this document will be appropriate in your particular situation or jurisdiction should be made after consultation with a legal counsel. Kanoony will not assume any legal liability that may arise from the use of this document.
Before Execution
The information on this front page or contained in the headers and footers of this instrument are for guidance purposes only.
Please delete this front page together with the information contained in the headers, footers, and the endnotes prior to circulating this letter. Where square brackets […] and highlights are used in the document, it indicates that there is missing or incomplete information which will need to be incorporated prior to signature.
Please remove the square brackets and all highlighting prior to signature.
This letter is used by a contractor to inform the client of its intention to subcontract his works outlined in the agreement provided that the agreement permits the assignment of obligations to a third party.
The contractor notifies the client about his intention to delegate all his work or a portion of the work to another party, outlining key details such as the scope of work, timelines, and the identity of the proposed subcontractor.
Description
A Notice of Intention to Subcontract is a formal document issued by a contractor to inform the work or client about their intention to subcontract a portion of the work outlined in the original contract to another party.
This notice outlines the contractor’s plans, including the scope of work, timeline, and the identity of the proposed subcontractor.
A notice is typically required as part of the contractual obligations and ensures compliance with the terms and conditions outlined in the original agreement.
Jurisdiction
This document is intended for use in the United Arab Emirates.
Disclaimer
This document is provided for reference only and is not intended to be, and should not be considered, legal advice. Determinations about whether this document will be appropriate in your particular situation or jurisdiction should be made after consultation with a legal counsel. Kanoony will not assume any legal liability that may arise from the use of this document.
Before Execution
The information on this front page or contained in the headers and footers of this instrument are for guidance purposes only.
Please delete this front page together with the information contained in the headers, footers, and the endnotes prior to circulating this letter. Where square brackets […] and highlights are used in the document, it indicates that there is missing or incomplete information which will need to be incorporated prior to signature.
Please remove the square brackets and all highlighting prior to signature.
This resolution records the board of directors’ approval of the company acting as a guarantor for a debt.
Description
The resolution must specify the amount to be guaranteed, the corporate benefit of such guarantee arrangement, and the authorized signatory of the guarantee instrument.
Jurisdiction
This document is intended for use in the United Arab Emirates.
Disclaimer
This document is provided for reference only and is not intended to be, and should not be considered, legal advice. Determinations about whether this document will be appropriate in your particular situation or jurisdiction should be made after consultation with a legal counsel. Kanoony will not assume any legal liability that may arise from the use of this document.
Before Execution
The information on this front page or contained in the headers and footers of this instrument are for guidance purposes only.
Please delete this front page together with the information contained in the headers, footers, and the endnotes prior to circulating this letter. Where square brackets […] and highlights are used in the document, it indicates that there is missing or incomplete information which will need to be incorporated prior to signature.
Please remove the square brackets and all highlighting prior to signature.
This letter is sent to a permanent director and an alternative director approving the appointment of the alternative director and authorizing him to attend board meetings on behalf of the permanent director.
The approval of the appointment of an alternative director follows a proxy submitted by a permanent director delegating another individual to attend a certain meeting on his behalf or attend meetings for a certain period.
Description
The appointment of an alternative director should be approved by the board.
The right to appoint an alternative director may be specified in the shareholders’ agreement.
Jurisdiction
This document is intended for use in the United Arab Emirates.
Disclaimer
This document is provided for reference only and is not intended to be, and should not be considered, legal advice. Determinations about whether this document will be appropriate in your particular situation or jurisdiction should be made after consultation with a legal counsel. Kanoony will not assume any legal liability that may arise from the use of this document.
Before Execution
The information on this front page or contained in the headers and footers of this instrument are for guidance purposes only.
Please delete this front page together with the information contained in the headers, footers, and the endnotes prior to circulating this letter. Where square brackets […] and highlights are used in the document, it indicates that there is missing or incomplete information which will need to be incorporated prior to signature.
Please remove the square brackets and all highlighting prior to signature.
Shareholder’s Resolutions – Appointment of Auditors
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Basic Info
Applicable Region UAE
Available Languages Available Languages
English & Arabic
Document No 0000428
Version V 1.0
Last Updated 03-20-2024
Reviews 0
Document Summary
Through this shareholder’s resolution, a new auditing company is appointed.
The auditing company’s duties include but are not limited to inspecting the balance sheet and the profits and losses accounts and review transactions of the company with related parties.
Description
As per article 27 of Federal Decree-Law No. 32 of 2021 on Commercial Companies, every joint stock company or limited liability company shall have one or more auditors to audit the accounts of the company on a yearly basis.
According to article 102 of Federal Decree-Law No. 32 of 2021 on Commercial Companies, a Limited Liability Company shall have one or more auditors to be elected by the general assembly of the partners every year.
Jurisdiction
This document is intended for use in the United Arab Emirates.
Disclaimer
This document is provided for reference only and is not intended to be, and should not be considered, legal advice. Determinations about whether this document will be appropriate in your particular situation or jurisdiction should be made after consultation with a legal counsel. Kanoony will not assume any legal liability that may arise from the use of this document.
Before Execution
The information on this front page or contained in the headers and footers of this instrument are for guidance purposes only.
Please delete this front page together with the information contained in the headers, footers, and the endnotes prior to circulating this letter. Where square brackets […] and highlights are used in the document, it indicates that there is missing or incomplete information which will need to be incorporated prior to signature.
Please remove the square brackets and all highlighting prior to signature.
This document is used to record the board’s decision to establish a committee. Types of committees include: audit, investment, compensation, and social responsibility committee, etc. The board of directors can establish board committees as it is an effective way to delegate work and help the board achieve its objective.
Description
This board resolution sets out the members’ roles and responsibilities in a committee.
Board members appointed in a committee offer their skills in a specific field to provide assistance to the board.
Jurisdiction
This document is intended for use in the United Arab Emirates.
Disclaimer
This document is provided for reference only and is not intended to be, and should not be considered, legal advice. Determinations about whether this document will be appropriate in your particular situation or jurisdiction should be made after consultation with a legal counsel. Kanoony will not assume any legal liability that may arise from the use of this document.
Before Execution
The information on this front page or contained in the headers and footers of this instrument are for guidance purposes only.
Please delete this front page together with the information contained in the headers, footers, and the endnotes prior to circulating this letter. Where square brackets […] and highlights are used in the document, it indicates that there is missing or incomplete information which will need to be incorporated prior to signature.
Please remove the square brackets and all highlighting prior to signature.
This document records the details of each individual partner or shareholder. Any change or update to the register of individual shareholders must be communicated to the competent authority and the company’s registrar within 15 days from such change or update.
However, the 15 days may vary depending on the relevant authority.
Description
According to Article 10 of the Cabinet Decision No. 109 of 2023 On the Regulation of the Real Beneficiary Procedures:
A legal person shall keep details of each individual shareholder from among natural persons provided that the following is included:
The number of shares owned by each Shareholder, their categories, and the voting rights related to them.
The date of acquiring capacity as a shareholder.
For partners or shareholders from among natural persons: The full name according to what is mentioned in the identity card or travel document, as well as the nationality, address, place of birth, and the name and address of the employer, along with a valid true copy of the identity card or the travel document.
Jurisdiction
This document is intended for use in the United Arab Emirates.
Disclaimer
This document is provided for reference only and is not intended to be, and should not be considered, legal advice. Determinations about whether this document will be appropriate in your particular situation or jurisdiction should be made after consultation with a legal counsel. Kanoony will not assume any legal liability that may arise from the use of this document.
Before Execution
The information on this front page or contained in the headers and footers of this instrument are for guidance purposes only.
Please delete this front page together with the information contained in the headers, footers, and the endnotes prior to circulating this letter. Where square brackets […] and highlights are used in the document, it indicates that there is missing or incomplete information which will need to be incorporated prior to signature.
Please remove the square brackets and all highlighting prior to signature.
This document records the details of each corporate partner or shareholder. Any change or update to the register of corporate shareholders must be communicated to the competent authority and the company’s registrar within 15 days from such change or update.
However, the 15 days may vary depending on the relevant authority.
Description
According to clause 1 of article 10 of the Cabinet Decision No. 109 of 2023 On the Regulation of the Real Beneficiary Procedures:
A legal person shall keep the details of data of each partner or shareholder in the Register of Partners or Shareholders, and shall update this Register and include any change that occurs to it within (15) fifteen days from the date of its knowledge of it,provided that it includes the following data:
The number of shares or stocks owned by each of them, their categories, and the voting rights related to them.
The date of acquiring capacity as a partner or shareholder.
For partners or shareholders from among legal persons: Providing the data mentioned in Clause (1) of Article (4) of this Decision.
The corporate partner/shareholder must provide the following additional information in accordance with clause 1 of article 4 of the Cabinet Decision No. 109 of 2023 On the Regulation of the Real Beneficiary Procedures:
Name, legal form and articles of association.
Address of the headquarters or the main workplace. In case the legal person is a foreigner, the name and address of their legal representative in the State shall be mentioned, and supporting documents shall be submitted as evidence to prove the aforementioned matter.
The Statute or any other similar documents approved by the Concerned Entity in the State.
The names of the relevant persons who hold senior management positions or managers at the legal person, who have the authority to issue decisions and their data is recorded based on the travel document or the civil card, its number, issuer and the date of its issuance and expiry.
Jurisdiction
This document is intended for use in the United Arab Emirates.
Disclaimer
This document is provided for reference only and is not intended to be, and should not be considered, legal advice. Determinations about whether this document will be appropriate in your particular situation or jurisdiction should be made after consultation with a legal counsel. Kanoony will not assume any legal liability that may arise from the use of this document.
Before Execution
The information on this front page or contained in the headers and footers of this instrument are for guidance purposes only.
Please delete this front page together with the information contained in the headers, footers and the endnotes prior to circulating this letter. Where square brackets […] and highlights are used in the document, it indicates that there is missing or incomplete information which will need to be incorporated prior to signature.
Please remove the square brackets and all highlighting prior to signature.
This is a template used by two parties to record their intention to amend the performance date of a specific obligation of one of the parties or both of them arising out of an agreement previously executed by the parties.
Description
Generally, the first step to an acquisition of a target company is conducting a due diligence procedure to see where the target company stands financially, to assess the quality of its technology and intellectual property, to determine the customer base, and furthermore.
Jurisdiction
This document is intended for use in the United Arab Emirates.
Disclaimer
This document is provided for reference only and is not intended to be, and should not be considered, legal advice. Determinations about whether this document will be appropriate in your particular situation or jurisdiction should be made after consultation with a legal counsel. Kanoony will not assume any legal liability that may arise from the use of this document.
Before Execution
The information on this front page or contained in the headers and footers of this instrument are for guidance purposes only.
Please delete this front page together with the information contained in the headers, footers, and the endnotes prior to circulating this letter. Where square brackets […] and highlights are used in the document, it indicates that there is missing or incomplete information which will need to be incorporated prior to signature.
Please remove the square brackets and all highlighting prior to signature.
Shareholders' Agreement (2 Shareholders) – Short Form
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Basic Info
Applicable Region UAE
Available Languages Available Languages
English
English & Arabic
Document No 0000423
Version V 1.0
Last Updated 03-11-2024
Reviews 0
Document Summary
The Shareholder's Agreement outlines the terms and conditions agreed upon by the parties who have formed a company in the United Arab Emirates.
The agreement covers various aspects of the company, such as shareholder rights and responsibilities, ownership percentages, and decision-making authority.
Description
This is a short form standard template of a shareholders’ agreement where it governs the relationship of two shareholders without mentioning pre-emption rights, drag along rights, tag along rights or reference to a board of directors.
The parties must read this template carefully to agree on the terms outlined in the agreement.
This agreement contains the following sections:
Supremacy of this Agreement
Shares and Shareholders
Assets and Liabilities
Management and Reserved Matters
Dividend Policy
Transfers
Announcements and Confidentiality
Covenants
Duration
Notices
Costs
Severability
General
Entire Agreement
Governing Law and Jurisdiction
Language
Anti-Corruption
Annex 1 – Shareholding, distribution of profits and management fees
Annex 2 – Lock-up Undertaking
Jurisdiction
This document is intended for use in the United Arab Emirates.
Disclaimer
This document is provided for reference only and is not intended to be, and should not be considered, legal advice. Determinations about whether this document will be appropriate in your particular situation or jurisdiction should be made after consultation with a legal counsel. Kanoony will not assume any legal liability that may arise from the use of this document.
Before Execution
The information on this front page or contained in the headers and footers of this instrument are for guidance purposes only.
Please delete this front page together with the information contained in the headers, footers, and the endnotes prior to circulating this letter. Where square brackets […] and highlights are used in the document, it indicates that there is missing or incomplete information which will need to be incorporated prior to signature.
Please remove the square brackets and all highlighting prior to signature.
This is a resignation letter submitted by an external auditing company communicating to the board of directors of a company its wish to cease the auditing of the accounts of the company with immediate effect or by a certain date. The auditing company should state the reason/s behind such decision.
Description
The auditing company is obliged to remove all documents belonging to the company from its systems.
The auditing company shall be liable towards the company for the audits and the validity of the statements in its report and to indemnify the damage incurred by the company due to its acts while performing its services.
Jurisdiction
This document is intended for use in the United Arab Emirates.
Disclaimer
This document is provided for reference only and is not intended to be, and should not be considered, legal advice. Determinations about whether this document will be appropriate in your particular situation or jurisdiction should be made after consultation with a legal counsel. Kanoony will not assume any legal liability that may arise from the use of this document.
Before Execution
The information on this front page or contained in the headers and footers of this instrument are for guidance purposes only.
Please delete this front page together with the information contained in the headers, footers, and the endnotes prior to circulating this letter. Where square brackets […] and highlights are used in the document, it indicates that there is missing or incomplete information which will need to be incorporated prior to signature.
Please remove the square brackets and all highlighting prior to signature.
Standard Terms and Conditions for Provision of Services
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Basic Info
Applicable Region UAE
Available Languages Available Languages
English & Arabic
Document No 0000421
Version V 1.0
Last Updated 03-05-2024
Reviews 0
Document Summary
This document outlines the terms and conditions between the Client and the Provider for provision of services at a Site.
It sets forth the responsibilities, rights, and obligations of each party, scope of services to be provided by one party to the other, the compensation to be paid, and the duration of the engagement.
Description
This document contains the following sections:
Definitions
Nature of Services
Contractor’s Scope of Services
Additional Services
Service Visit
Certificate from Civil Defense Authority
The Contractor’s Exclusion of Liability
Contractor’s Covenants and Obligations
The Client’s Covenants and Duties
Terms and Termination
Consequences of Termination
Partial Invalidity
No Variation
Consent
Assignment
Waiver
Indemnification
Governing Law
Notices
Jurisdiction
This document is intended for use in the United Arab Emirates.
Disclaimer
This document is provided for reference only and is not intended to be, and should not be considered, legal advice. Determinations about whether this document will be appropriate in your particular situation or jurisdiction should be made after consultation with a legal counsel. Kanoony will not assume any legal liability that may arise from the use of this document.
Before Execution
The information on this front page or contained in the headers and footers of this instrument are for guidance purposes only.
Please delete this front page together with the information contained in the headers, footers, and the endnotes prior to circulating this letter. Where square brackets […] and highlights are used in the document, it indicates that there is missing or incomplete information which will need to be incorporated prior to signature.
Please remove the square brackets and all highlighting prior to signature.
This agreement sets forth the terms and conditions that govern the provision of manpower services to the client by the service provider.
It covers various aspects, including the parties’ obligations, fees, compliance with laws and regulations, anti-bribery policies, trademarks, and worker transfers.
Description
Definitions and Interpretations
Appointment
Undertakings of the Service Provider
The Client’s Undertaking
Prices and Payments
Compliance with Laws and Regulations
Anti- Bribery Compliance
Trademarks
Transfer of Workers
Indemnity and Limitation of Liability
Duration and Termination
Effects and Termination
Confidentiality
Force Majeure
Entire Agreement
Amendment
Assignment and Other Dealings Prohibited
Freedom of Contract
Waiver
Severance
Notices
Third-Party Rights
No Partnership or Agency
Language
Governing Law and Jurisdiction
Miscellaneous
Jurisdiction
This document is intended for use in the United Arab Emirates.
Disclaimer
This document is provided for reference only and is not intended to be, and should not be considered, legal advice. Determinations about whether this document will be appropriate in your particular situation or jurisdiction should be made after consultation with a legal counsel. Kanoony will not assume any legal liability that may arise from the use of this document.
Before Execution
The information on this front page or contained in the headers and footers of this instrument are for guidance purposes only.
Please delete this front page together with the information contained in the headers, footers, and the endnotes prior to circulating this letter. Where square brackets […] and highlights are used in the document, it indicates that there is missing or incomplete information which will need to be incorporated prior to signature.
Please remove the square brackets and all highlighting prior to signature.
This Staff Catering agreement outlines the terms and conditions for the provision of catering services by a Service Provider on the client's premises.
Description
The agreement outlines the obligations of both parties:
The service provider is required to supply and serve good quality and freshly prepared foods.The service provider should also ensure that all health and safety rules and regulations and any other security requirements are applied to the premises.
The client shall co-operate with the service provider in all matters relating to the services, inform the service provider of any changes in the schedule which involves the provision of the Services, and inform the service provider of the expected number of customers.
The agreement also covers the scope of services to be provided, the quality of services, the duration of the agreement and the fees.
This agreement contains the following sections:
Definitions and Interpretations
Commencement and Duration
Service Provider’s Obligations
Client’s Obligations
Scope of Services
Fees and Payments
Audit
Quality of Services
Intellectual Property Rights
Client’s Trademarks
Indemnity
Confidentiality
Reservation of Rights and Acknowledgement
Client’s Properties
Client Policies
Termination
Remedies
Force Majeure
Variation
Entire Agreement
No Waiver
Assignment
Notices
No Partnership
No Solicitation
Third Party Rights
Language
Governing Law and Jurisdiction
Jurisdiction
This document is intended for use in the United Arab Emirates.
Disclaimer
This document is provided for reference only and is not intended to be, and should not be considered, legal advice. Determinations about whether this document will be appropriate in your particular situation or jurisdiction should be made after consultation with a legal counsel. Kanoony will not assume any legal liability that may arise from the use of this document.
Before Execution
The information on this front page or contained in the headers and footers of this instrument are for guidance purposes only.
Please delete this front page together with the information contained in the headers, footers, and the endnotes prior to circulating this letter. Where square brackets […] and highlights are used in the document, it indicates that there is missing or incomplete information which will need to be incorporated prior to signature.
Please remove the square brackets and all highlighting prior to signature.
This Service Agreement sets forth the terms and conditions for the set up and operation of a customer support call center between a company and an agency, wherein the agency will provide phone and email support; manage all inbound emails from customers; and provide detailed reports related to the Services to the Company on a weekly basis.
The agreement outlines various provisions between the company and the agency, including indemnification, intellectual property rights, notices and general terms.
Description
This agreement includes the following sections:
Engagement of the Agency
The Services
Confidentiality
Fees and Payments
Term and Termination
Indemnification
Intellectual Property
Notices
General Terms
Jurisdiction
This document is intended for use in the United Arab Emirates.
Disclaimer
This document is provided for reference only and is not intended to be, and should not be considered, legal advice. Determinations about whether this document will be appropriate in your particular situation or jurisdiction should be made after consultation with a legal counsel. Kanoony will not assume any legal liability that may arise from the use of this document.
Before Execution
The information on this front page or contained in the headers and footers of this instrument are for guidance purposes only.
Please delete this front page together with the information contained in the headers, footers, and the endnotes prior to circulating this letter. Where square brackets […] and highlights are used in the document, it indicates that there is missing or incomplete information which will need to be incorporated prior to signature.
Please remove the square brackets and all highlighting prior to signature.
This template establishes a contractual relationship between a supplier and a purchaser whereby the purchaser places a purchase order for certain goods and services to be delivered on a certain date.
Description
This agreement covers clauses related to quality of goods and services, obligations of parties, remedies, payment and furthermore. This template is a standard template and can be modified according to the agreement of the parties.
This agreement includes the following sections:
Definitions
Basis of Agreement
Supply of Goods
Delivery of Goods
Supply of Services
Purchaser Remedies
Purchaser’s Obligations
Charges and Payment
Intellectual Property Rights
Indemnity
Insurance
Confidentiality
Termination
Consequences of Termination
Anti-Corruption
Data Protection
Force Majeure
Subcontracting, Assignment, and other Dealings
General
Jurisdiction
This document is intended for use in the United Arab Emirates.
Disclaimer
This document is provided for reference only and is not intended to be, and should not be considered, legal advice. Determinations about whether this document will be appropriate in your particular situation or jurisdiction should be made after consultation with a legal counsel. Kanoony will not assume any legal liability that may arise from the use of this document.
Before Execution
The information on this front page or contained in the headers and footers of this instrument are for guidance purposes only.
Please delete this front page together with the information contained in the headers, footers, and the endnotes prior to circulating this letter. Where square brackets […] and highlights are used in the document, it indicates that there is missing or incomplete information which will need to be incorporated prior to signature.
Please remove the square brackets and all highlighting prior to signature.
This template establishes a contractual relationship between two parties for the purpose of providing restaurant management services. The agreement covers executive, administrative, and operating level services of the restaurant.
Description
This agreement specifies the obligations of the manager, including carrying out management services in a standard of care, preparing a business plan for the restaurant, preparing annual budgets, hiring restaurant personnel and furthermore. And in exchange, the company pays the management fees to the manager.
This is a standard agreement and any amendment or addition to this template should be in accordance with the parties’ agreement.
This agreement contains the following sections:
Management Services
Term
Compensation
Termination
Confidential Information
Limitation of Liability; Indemnification
Notices
Miscellaneous
Jurisdiction
This document is intended for use in the United Arab Emirates.
Disclaimer
This document is provided for reference only and is not intended to be, and should not be considered, legal advice. Determinations about whether this document will be appropriate in your particular situation or jurisdiction should be made after consultation with a legal counsel. Kanoony will not assume any legal liability that may arise from the use of this document.
Before Execution
The information on this front page or contained in the headers and footers of this instrument are for guidance purposes only.
Please delete this front page together with the information contained in the headers, footers, and the endnotes prior to circulating this letter. Where square brackets […] and highlights are used in the document, it indicates that there is missing or incomplete information which will need to be incorporated prior to signature.
Please remove the square brackets and all highlighting prior to signature.
Purchase Order - Terms and Conditions for Supply of Goods and Services (B2B)
0 Reviews
Basic Info
Applicable Region UAE
Available Languages Available Languages
English
English & Arabic
Document No 0000415
Version V 1.0
Last Updated 02-28-2024
Reviews 0
Document Summary
This purchase order is used by a company to place orders for goods and services from another company, as well as to state the terms and conditions that govern their contractual relationship.
Description
This template covers all the standard terms and conditions that apply to the relationship of the purchaser and the supplier of goods and services.
This template includes a schedule of details where all details related to the goods and services must be placed by the purchaser including the type, quantity, fee, date of delivery, payment terms, etc..
Jurisdiction
This document is intended for use in the United Arab Emirates.
Disclaimer
This document is provided for reference only and is not intended to be, and should not be considered, legal advice. Determinations about whether this document will be appropriate in your particular situation or jurisdiction should be made after consultation with a legal counsel. Kanoony will not assume any legal liability that may arise from the use of this document.
Before Execution
The information on this front page or contained in the headers and footers of this instrument are for guidance purposes only.
Please delete this front page together with the information contained in the headers, footers, and the endnotes prior to circulating this letter. Where square brackets […] and highlights are used in the document, it indicates that there is missing or incomplete information which will need to be incorporated prior to signature.
Please remove the square brackets and all highlighting prior to signature.