Affidavit Of Good Faith Template for the United Arab Emirates
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What is a Affidavit Of Good Faith?
An Affidavit of Good Faith is a crucial legal instrument in the United Arab Emirates' legal framework, commonly used when parties need to formally declare their honest intentions and truthful conduct. This document is particularly relevant in business transactions, legal proceedings, and regulatory compliance matters where formal assurance of good faith is required. The affidavit must be executed in accordance with UAE Federal Laws and typically requires notarization to be legally valid. It can be used in various contexts, from commercial disputes to regulatory filings, and serves as evidence of the declarant's honest intentions. The document is especially important in situations where transparency and trust need to be formally established, such as in business negotiations, regulatory submissions, or legal proceedings.
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About the Affidavit Of Good Faith
An Affidavit of Good Faith is a sworn legal statement that allows you to formally declare your honest intentions and truthful conduct under United Arab Emirates law. This document serves as legally admissible evidence in UAE courts and regulatory proceedings, providing official confirmation of your integrity and transparent dealing in various legal and business contexts.
When do you need this document?
You'll need an Affidavit of Good Faith when engaging in business transactions that require formal assurance of honest dealing, particularly in commercial disputes where your intentions are questioned. This document is essential for regulatory compliance filings with UAE authorities, where government agencies require sworn declarations of truthful information. You may also need it during legal proceedings to establish your credibility and honest conduct, or when entering into significant contracts where the other party requests formal confirmation of your good faith intentions. Financial institutions often require this affidavit for loan applications or investment dealings, and it's commonly used in insurance claims to verify the truthfulness of statements made.
Key legal considerations
Your affidavit must contain specific elements to be legally effective, including your complete identification details with Emirates ID number, a clear statement of the purpose for making the declaration, and numbered paragraphs detailing the specific facts you're affirming. The document must include a formal oath or affirmation statement confirming you're making the declaration under penalty of perjury. You should be aware that providing false information in an affidavit constitutes perjury under UAE law and can result in criminal charges. The affidavit should be specific and factual rather than containing opinions or conclusions, and you must have personal knowledge of all facts you're declaring. Consider the potential legal consequences carefully, as this document creates binding legal obligations and can be used as evidence against you if the statements prove false.
Legal requirements in United Arab Emirates
Under UAE Federal Law No. 10 of 1992 (Law of Evidence) and Federal Law No. 11 of 1992 (Civil Procedure Law), your Affidavit of Good Faith must be properly notarized by an authorized notary public to be admissible in UAE courts. The document must be drafted in Arabic or include a certified Arabic translation if originally prepared in another language, in accordance with UAE Federal Decree-Law No. 33 of 2021 (Evidence Law). You must personally appear before the notary with valid identification to swear to the truthfulness of your statements. The affidavit must comply with UAE Federal Law No. 5 of 1985 (Civil Transactions Law) regarding good faith requirements in legal declarations. Authentication requirements under UAE Federal Law No. 7 of 2012 (Notary Public Law) mandate proper witnessing and official sealing of the document. Ensure all signatures are witnessed and that the notary confirms your identity before administering the oath.
GOVERNING LAW
Applicable law
This Affidavit Of Good Faith is drafted to comply with United Arab Emirates law. Key legislation includes:
UAE Federal Law No. 11 of 1992 (Civil Procedure Law): Establishes procedures for legal documents and their submission in UAE courts, including requirements for affidavits
UAE Federal Law No. 5 of 1985 (Civil Transactions Law): Contains provisions regarding legal declarations and good faith requirements in civil transactions
UAE Federal Decree-Law No. 33 of 2021 (Evidence Law in Civil and Commercial Transactions): Updated regulations governing evidence submission, including requirements for sworn statements and documentary evidence
UAE Federal Law No. 7 of 2012 (Notary Public Law): Regulates the authentication and notarization of legal documents, including affidavits
UAE Penal Code (Federal Law No. 3 of 1987): Contains provisions regarding false statements and perjury in legal documents
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