Revenue Share Partnership Agreement for United Arab Emirates

Revenue Share Partnership Agreement Template for United Arab Emirates

A comprehensive legal agreement governed by UAE law that establishes the terms and conditions for a revenue sharing partnership between two or more parties. This document outlines the mechanism for sharing revenues generated from specified business activities, including calculation methods, payment terms, and reporting requirements. It incorporates relevant provisions from UAE Federal Law No. 32 of 2021 (Commercial Companies Law) and other applicable UAE regulations, ensuring compliance with local legal requirements while protecting the interests of all parties involved in the revenue sharing arrangement.

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What is a Revenue Share Partnership Agreement?

The Revenue Share Partnership Agreement is a crucial document for businesses in the UAE looking to establish collaborative ventures where revenues are shared between partners. This agreement is particularly relevant in today's digital economy where platform businesses, joint ventures, and collaborative business models are increasingly common. The document is structured to comply with UAE Federal Law No. 32 of 2021 and related regulations, making it suitable for both mainland and free zone companies. It includes detailed provisions for revenue calculation, distribution mechanisms, partner responsibilities, and compliance requirements. The agreement is essential for businesses seeking to formalize revenue sharing arrangements while ensuring legal compliance and protecting their interests within the UAE jurisdiction.

What sections should be included in a Revenue Share Partnership Agreement?

1. Parties: Identification and details of all parties entering into the agreement

2. Background: Context of the agreement and brief description of the business relationship

3. Definitions: Definitions of key terms used throughout the agreement

4. Purpose and Scope: Detailed description of the partnership's purpose and scope of collaboration

5. Term and Commencement: Duration of the agreement and conditions for commencement

6. Revenue Sharing Structure: Detailed breakdown of revenue sharing percentages and calculation methodology

7. Payment Terms: Payment schedules, methods, and currency specifications

8. Rights and Obligations: Specific responsibilities and rights of each party

9. Reporting and Audit Rights: Requirements for financial reporting and rights to audit

10. Confidentiality: Provisions for handling confidential information

11. Intellectual Property: Ownership and usage rights of intellectual property

12. Representations and Warranties: Standard declarations and guarantees by all parties

13. Termination: Conditions and procedures for termination

14. Dispute Resolution: Procedures for resolving disputes, including jurisdiction and applicable law

15. General Provisions: Standard boilerplate clauses including notices, amendments, and assignment

What sections are optional to include in a Revenue Share Partnership Agreement?

1. Non-Compete: Restrictions on competitive activities, used when parties operate in similar markets

2. Force Majeure: Provisions for unforeseen circumstances, particularly relevant in long-term partnerships

3. Marketing and Branding: Guidelines for using each other's brands, needed when public co-branding is involved

4. Compliance with Islamic Law: Additional provisions ensuring Shariah compliance, used when required by parties

5. Third Party Rights: Provisions regarding the involvement of third parties, used when external parties may be affected

6. Data Protection: Specific data handling requirements, needed when personal or sensitive data is involved

7. Insurance: Insurance requirements and obligations, important for high-risk ventures

8. Step-In Rights: Rights to take over operations under specific circumstances, used in critical business partnerships

What schedules should be included in a Revenue Share Partnership Agreement?

1. Revenue Calculation Methodology: Detailed explanation of how revenue is calculated and allocated

2. Payment Procedures: Step-by-step process for revenue distribution and payment

3. Key Performance Indicators: Metrics used to measure performance and trigger revenue sharing adjustments

4. Reporting Templates: Standard formats for financial and operational reporting

5. Approved Business Activities: List of authorized business activities under the partnership

6. Initial Business Plan: Detailed business plan and projections for the partnership

7. Service Level Agreement: Performance standards and service requirements

8. Governance Structure: Detailed procedures for partnership management and decision-making

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Publisher

Genie AI

Cost

Free to use
Relevant legal definitions
Clauses
Relevant Industries

Technology and Digital Services

E-commerce

Media and Entertainment

Financial Services

Retail and Distribution

Manufacturing

Professional Services

Real Estate

Hospitality

Healthcare

Education

Telecommunications

Consumer Goods

Transportation and Logistics

Relevant Teams

Legal

Finance

Operations

Commercial

Business Development

Compliance

Risk Management

Strategic Planning

Corporate Development

Revenue Management

Partnership Management

Contract Administration

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Chief Operating Officer

Chief Legal Officer

Commercial Director

Business Development Manager

Partnership Manager

Legal Counsel

Finance Manager

Operations Manager

Compliance Officer

Contract Manager

Revenue Manager

Account Manager

Business Analyst

Financial Controller

Strategic Planning Director

Risk Manager

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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