Kooperationsvereinbarung (Partnership Agreement) über eine Investition in den Vereinigten Arabischen Emiraten (UAE)

Partnership Agreement UAE

 

On this day corresponding ... ……/……/ 2009

 

This agreement has been made by ... between:-

First: xxx – UAE holder of passport no. (xxx), residing ... xxx. (First Party)

Second: Mr. xxx –German Nationality ... holder of passport no. (xxx), residing ... xxx. (Second Party)

 

After both Parties have confirmed their legal competency ... contract ... dispose legal acts they mutually agreed upon ... following:

 

Preliminary Clause

Where as ... Second Party has proposed ... partner with ... First Party ... investing ... the project “xxx” ... the xxx provided both Parties shall setup a company of legal entity ... accordance with Companies Laws ... UAE ... purchase ... develop ... said project ... invest ... same ... their accounts ... benefits ... whereas ... First Party has initially agreed ... partner ... this project accordingly both Parties willingly agreed upon ... following:

 

Article One

The preliminary clause shall be an integral part of ... contract ... be read ... interpreted with ... binding upon both Parties.

 

Article Two

Pursuant ... this agreement, ... parties agreed ... set up a legal company ... accordance with ... laws , regulations ... bylaws effective ... the UAE ... its concerned departments; ... after being incorporated, this company shall purchase an island ... the World – Dubai for ... purpose of developing project “xxx” ... the account ... benefit of both Parties involved.

 

Article Three

First Party shall advance ... project's total capital amounting ... Euro (xxx) (Euro Million) provided ... Second Party shall execute all stages of ... project from study up ... marketing for ... same ... the company name.

 

Article Four

First Party ... entitled ... 10% of total company assets, all its tangible ... intangible components ... the proposed project as well.

 

Article Five

Neither Party can sell its share ... the company - such shares shall be determined upon drafting ... partnership agreement- ... any manner whatsoever whether ... selling ... in any other method of dispose before obtaining a written consent from ... other Party ... only after five years from commencing ... project .

 

Article Six

Project management ... operation as well as administering ... company activities shall remain ... sole right of ... Second Party, without raising any objection from ... First party ... any stage; ... First party ... only entitled ... be informed of ... work progress of ... company ... the project.

 

Article Seven

If ... First party ... desirous ... sell its share, Second Party shall have ... priority ... the entitlement ... buy for itself ... to any person named by it against an agreed fixed price of: (xxx Million Euros).

 

Article Eight

This agreement shall be deemed as a memorandum of understanding ... an introductory for drafting ... Memorandum ... Articles of Association of ... company after deciding ... the suitable legal entity for ... same ... consider also ... essential bond between Parties.

 

Signatures

 

Dieser Vertrag wurde eingesendet durch Herrn Timo Switalla.

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