Civil Partnership Agreements
Civil Partnership Agreements by HBSS
In addition, HBSS specializes in drafting and finalizing Civil Partnership Agreements, allowing business partners to establish a formal, legal, and transparent relational contract for their UAE business. These agreements are designed with full attention to regulatory compliance, ensuring the protection of all parties’ interests.
What is a Civil Partnership Agreement?
This is a formal agreement between two or more parties who intend to join in a business relationship and establish clear rights and duties, as well as the manner in which they would share profits.
Key Contents of Civil Partnership Agreement
Business Structure and Ownership
Defines the shareholding interests of each partner in the business.
Roles and Responsibilities
Defines the duties and obligations imposed upon each partner.
Profit and Loss Distribution
Defines how profits and losses will be shared.
Decision-Making Process
Defines how management and administration will be carried on.
Dispute Resolution
Defines how disputes will be resolved.
Exit Strategy & Dissolution Terms
Details procedures for withdrawal or business closure.