Heads of Terms in Relation to Proposed Joint Venture (General)

Document Summary

These Heads of Terms establish the initial agreement between two parties to form a joint venture.

The Heads of Terms outline the structure, ownership, and management of the venture, as well as key provisions regarding business planning, confidentiality, and dispute resolution. However, it's important to note that these terms are not legally binding until a formal agreement is finalized and signed.

Description

This Agreement contains the following sections:

1. Establishment of Joint Venture
2. Contributions of each Party
3. Capital and Finance
4. The Board and Executive Management
5. Business Planning
6. Non-Competition
7. Exclusivity
8. Termination
9. Confidentiality
10. Conditions
11. Timing and Next Steps
12. Notices
13. Governing Law and Jurisdiction
14. Binding Effect

Jurisdiction

This document is intended for use in the United Arab Emirates.

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.

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.