Signing Contracts with a Company in Dubai
Signing Contracts with a Company in DubaiUpdated on Tuesday 20th February 2018
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Companies and employees in Dubai need to sign several contracts in which the work and business conditions are mentioned. On the other hand, companies must sign agreements with potential providers of goods and services before making any movement. Also, both parties need to consider the obligations involved and talk to legal advisors before the deal is concluded. The Commercial Law and the Employment Law stand at the base of each contract, meaning that any condition must be stipulated in the agreement. The parties which participate in a contract must observe the provisions comprised and undertake a duty of good faith. For legal support, our lawyers in Dubai are at your disposal at any time.
Governing law for contracts in Dubai
Foreign investors who enter into contracts with a party in Dubai can use the English law as the governing law for a business contract. This is sometimes done because the UAE laws for commercial and corporate activities are not readily available in English. The contract will stipulate the applicable governing law as well as the dispute resolution method that will be applicable if conflicts between the parties arise during the duration of the agreement. Arbitration is a widely used method of solving conflicts and arbitration decisions made in other nations with which the UAE has signed treaties. Our attorneys in Dubai can provide you with arbitration and mediation services or, alternatively, with legal services related to litigations in Dubai.
Drafting a contract with a company in Dubai
When preparing an agreement with a company in Dubai, the parties involved, the supplier and the client, must meet and discuss any details, terms, and conditions. There are cases in which one of the parties is interested in negotiating or renegotiating certain conditions. Please observe the fact that such case is completely legal, but it is best to have your attorney in Dubai at the time of negotiations, in order to have a legal support. Once the provider accepts the new conditions, the contract is signed by both parties and will enter into force at the agreed date. We remind that hidden forms of fraud or misinterpretations cannot be mentioned in an agreement, and furthermore, it is not legal to proceed so. If in any case, one of the parties discovers that unwanted conditions are mentioned in a contract, he or she can close the deal and withdrawn from the agreement without any explanations. Also, the litigation cases are mentioned in a contract.
Overall, it is best to agree on the legal conditions as for any kind of contract and to proceed in accordance. This in most cases will develop a sustainable and respected collaboration in terms of business in Dubai.
Employment contracts in Dubai
The Labor Law governs the relationship between the employer and the employees in Dubai and it covers the employment contracts signed in the Emirate. These types of contracts must be concluded in writing and the duties and responsibilities of the employee must be clearly stated. Also, the employment agreement will include information about the probation period, the wage, working hours and annual leave and other benefits for the employee. Before signing a contract with a company in Dubai, you can find out more about that corporation by performing a company due diligence investigation. Our legal advisors can help you know more about the company you are willing to enter into an agreement with.
We kindly invite you to contact our Dubai law firm for more information about doing business in the UAE.