Restaurant Partnership Agreement for United Arab Emirates
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Restaurant Partnership Agreement
"I need a Restaurant Partnership Agreement for a traditional Arabic restaurant in Dubai between two local partners, with a 60-40 profit sharing structure, where one partner will be responsible for day-to-day operations while the other will be a silent investor, planned to commence operations in March 2025."
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1. Parties: Identification of all partners, including full legal names, addresses, and registration details
2. Background: Context of the partnership formation and brief description of the restaurant business concept
3. Definitions: Detailed definitions of key terms used throughout the agreement
4. Partnership Structure: Legal form of partnership, ownership percentages, and capital contributions
5. Business Operations: Day-to-day management responsibilities, decision-making processes, and operational control
6. Financial Arrangements: Profit sharing, loss distribution, accounting practices, and financial reporting requirements
7. Regulatory Compliance: Obligations regarding licenses, permits, and compliance with UAE food safety regulations
8. Intellectual Property: Ownership and usage rights of restaurant name, logos, recipes, and other IP
9. Staff and Employment: Employment policies, staff management responsibilities, and compliance with UAE labor laws
10. Term and Termination: Duration of partnership, renewal terms, and conditions for termination
11. Dispute Resolution: Process for resolving disputes, including mediation and arbitration procedures under UAE law
12. Governing Law: Specification of UAE law as governing law and jurisdiction
13. General Provisions: Standard clauses including notices, amendments, and entire agreement provisions
1. Franchise Provisions: Required if the restaurant is part of a franchise system, detailing franchise obligations and restrictions
2. Multiple Location Provisions: Needed when partners plan to operate multiple restaurant locations, including territory rights
3. Islamic Finance Compliance: Required for Sharia-compliant financing arrangements
4. Foreign Investment Provisions: Necessary when one or more partners are foreign investors, addressing UAE foreign ownership restrictions
5. Online Delivery Services: Required for partnerships involving digital platforms and delivery services
6. Ghost Kitchen Operations: Needed for partnerships operating virtual restaurant concepts
1. Schedule 1: Capital Contributions: Detailed breakdown of each partner's initial and ongoing capital contributions
2. Schedule 2: Business Plan: Comprehensive business plan including financial projections and operational strategies
3. Schedule 3: Property Details: Restaurant location details, lease terms, and property-related obligations
4. Schedule 4: Equipment and Assets: Inventory of restaurant equipment, fixtures, and other physical assets
5. Schedule 5: Menu and Pricing: Agreed menu items and pricing structure
6. Schedule 6: Operating Procedures: Detailed operational guidelines and standard operating procedures
7. Appendix A: Required Licenses: List of all required licenses and permits with renewal dates
8. Appendix B: Partner Responsibilities Matrix: Detailed breakdown of specific responsibilities assigned to each partner
9. Appendix C: Employment Policies: Staff handbook and employment policies compliant with UAE labor law
Authors
Food & Beverage
Hospitality
Real Estate
Retail
Tourism
Franchising
Food Service Management
Commercial Property
Legal
Operations
Finance
Business Development
Compliance
Food & Beverage
Property Management
Commercial
Investment
Risk Management
Restaurant Owner
Business Development Manager
Operations Director
Legal Counsel
Chief Financial Officer
Food & Beverage Manager
Restaurant General Manager
Franchise Development Manager
Investment Manager
Commercial Director
Compliance Officer
Property Manager
Partnership Manager
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