Today’s business partnership and transaction success comes from clear, compliant and professionally written agreements. A good contract is not the only thing to make sure that your interests are taken care of — it also protects you from loss too, sets expectations that are clear and trust between parties will be heightened. We at AR Associates can assist you from contract draft to review and create your agreements as robust as you need and make them fit for purpose. Our method is comprehensive in legal sense and precise, clear to all parties, and protective.
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Contract drafting is the process of writing the legally binding agreement between 2 or more parties. This is a a set of terms, obligations, rights and expectation that each party will have to fulfill. Through a well drafted contract your interests will be protected, as will disputes in the future be avoided at a high cost. Through thorough analysis we draft an agreement and use clear and precise language devoid of any room for misunderstanding.
Each draft contract agreement is customized to reflect the specifics of the transaction or relationship it governs. Knowing that every contract is unique, we focus on being personalized in the drafting and reviewing of your contract.
The basics of contract drafting are a must to create documents that pass in terms of legal and industry standards. Here’s an overview of key elements involved in drafting an agreement:
Any contract must have the clear intention of the purpose of what the contract is about as well as the limits of the relationship between the two parties. For a business partnership, a vendor agreement or a service contract, it has to be written down unambiguously from day one.
The parties involved in the contract must be clearly stated in the contract. To accomplish this goal the necessary information consists of names of all parties, their corresponding contact information, and any other designations which may apply (e.g. ‘Seller’, ‘Buyer’) to each party.
Terms and conditions are the heart of any agreement. It is the rights, obligations and responsibilities of each party. It also reduces a risk of disputes between the parties by ensuring that both use precise terms.
Many contracts have financial obligations. If you want to keep on tap on your financials, specifying payment terms, deadlines, and conditions for adjustments or penalties is a must.
There should be no mystery to why a contract might terminate and what happens if an agreement is broken. For example, such conditions also pertain to the time period during which the contract would become void or where penalties would be imposed in case of failure to abide the provisions of the contract.
If the dispute arises, such presence of dispute resolution clause saves the time and costs. Therefore, in the long run, it will be easier to manage if one spells out how conflicts would be resolved, for example by arbitration or mediation.
Our drafting and reviewing contracts services cover a wide range of agreement types, including but not limited to:
At AR Associates we provide draft and review contracts services for anything from a draft contract between two parties to complicated multilateral agreements. Here’s what you can expect from our services:
We start with a consultation to understand what you want from the contract and the purpose of the contract. We talk about the key elements, terms and any language you’d like included.
We source our legal experts, who research relevant laws, industry standards and best practices to create a compliant contract that supports your goals. We have expertise in a wide range of industries, so that each draft is comprehensive and effective.
After the draft contract agreement is ready, we go over it very carefully. That means: finding out if there are any gaps, ensuring legal compliance, and then fine tuning the document as needed.
After getting your feedback and making revisions, we get to the final version ready to execute. We can also help you with how to sign your contract and storage so that your contract is fully enforceable.
Our team will assist you whether you are looking for help on how to draft an agreement from scratch, or review an already existing agreement. With our comprehensive legal advisory services, we ensure that every contract is tailored to meet your specific needs. Let us know more about how our contract drafting services can bring added value to your business partnerships and protect your interests. Contact us now to learn how our legal expertise can support your business success.
We’re proud to support the next wave of innovative businesses in Dubai, a hotspot for startups. So if you are considering starting a new company in Dubai, you’ve come to the right place. We’ve helped startup companies in Dubai all the way to large scale enterprises become established here.
Our consultants will work through each stage alongside you to help you navigate the specific challenges that startup face and assist you in the company formation and registration process to ensure your venture is set up for success from day one.
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We provide end-to-end corporate business services in Dubai designed to help entrepreneurs and corporations set up operations in the UAE seamlessly. Whether you’re looking to acquire a free zone, offshore or mainland license in UAE, our experts guide you through the process, ensuring compliance with local regulations.
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