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Are side agreements legally valid in the UAE?
Concept Advocates | Business Consultants LLC
Are side agreements legally valid in the UAE?
Yes, side agreement is valid in the LLC. Delve into the concept of LLCs, exploring their side agreements, advantages, and legal status in the UAE. Article 71 of Federal Law Number 2 of 2015, on Commercial Companies, outlines an LLC as an entity where partners are liable only up to their capital shares. With a minimum of two and a maximum of fifty partners, this structure protects partners' personal interests during crises.

https://posts.gle/XpP5xc
1 Feb 2024
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