Legal Contract Initiative to Newly Established Firms

The Dubai Chamber of Commerce and Industry’s contract drafting service is proving a boon to the newly-established companies. In line with its efforts to support the development of business, the new Dubai Chamber initiative is assisting the newcomers in setting up their businesses.

The contract service initiative, available to all members and non-members of Dubai Chamber, is to better serve the business community and to support business growth in the Emirate. It also helps investors establish new companies by offering business formation contracts, drafted by experienced legal professionals, at reasonable price.

The contracts can also be prepared in one or two languages for transparency and clarity for all parties to easily understand the legalities of the contract and to avoid complications arising from their paperwork in the future.

Ms. Jehad Kazim, Director, Legal Services Department, Dubai Chamber, stated that the drafting of a legal contract is of utmost importance while establishing a business as investors are statutorily obliged to enter into contracts comprising legally binding articles of formation. Therefore, it is essential these contracts are drafted by experienced legal professionals to ensure they are clear, fair and valid and do not endanger the legitimacy of the business.

Above all, the legal contract service offers the much-needed peace of mind to the businessmen who can concentrate on the running of their newly-established businesses while Dubai Chamber’s legal team can ensure that their contracts are well written to avoid disputes or potential litigation, added Ms Kazim informing that terms of the contracts can be drafted or amended as per the client’s need and members are entitled to discounts while availing this service.