The Common Contracts Initiative is an initiative launched by the Ministry of Economy in cooperation with Al Tamimi & Company Advocates and Legal Consultants to support entrepreneurs and startups in the UAE by providing them access to a set of the most widely used or common contract templates involved in the process of establishing companies and starting various commercial activities.
Through this Initiative, the Ministry offers 19 contract templates, which are: the joint venture agreement, consultancy services agreement, agency agreement, assignment agreement, intellectual property rights assignment document, consultancy services agreement, exclusive and non-exclusive distribution agreement, restaurant franchise agreement, intellectual property rights assignment agreement, management agreement, limited liability company incorporation contract, sole proprietorship incorporation contract, service agreement, settlement agreement, shareholders agreement, share purchase agreement, facilities agreement, trademark assignment agreement, trademark licensing agreement.
These most commonly used templates enable companies to perform and manage their businesses with ease. The importance of these templates is that they facilitate the movement of trade and establishment of businesses, as well as organize legal and procedural frameworks, support the strength of contracts, and meet their requirements effectively.
The Ministry of Economy clarifies that the contract templates are available on its website and can be downloaded for free, and are accessible to business owners, entrepreneurs, and any other individual who wishes to download them. The Ministry further emphasizes that these models are public, and therefore the Ministry of Economy, Al Tamimi & Company, their partners, consultants, employees, agents, or representatives do not hold any liability towards those downloading or using any of these templates.
All copyright and other intellectual property rights relating to these forms are owned by the Ministry of Economy and Al Tamimi & Company.