On 17 October 2024, Alsuwaidi & Company being represented by Mr. Mohammed Alsuwaidi (Managing Partner), Mr. Suneer Kumar (Partner – Corporate and Commercial Practice Group) and Mrs. Vida Grace Serrano (Senior Associate – Corporate and Commercial Practice Group) along with Mr. Kazutaka Mori held an engaging seminar at Idemitsu Lube Middle East & Africa FZE at their office in Dubai. The seminar focused on key aspects of UAE contract law and provided pragmatic legal insights tailored to the business needs of Idemitsu’s management and employees.
Mr. Mohammed Alsuwaidi opened the seminar with a presentation on Navigating UAE Contract Law offering an in-depth exploration of the essential elements required for a valid contract. He emphasized the enforceability of contracts in the UAE and discussed the available remedies in case of a breach. The importance of clear and lawful agreements for ensuring enforceability was a recurring theme throughout the discussion.
Following this, Mr. Suneer Kumar led a session on Dissecting Contracts Under UAE Law which focused on different types of contracts including Memorandums of Understanding (MoUs) and sales contracts. He highlighted the importance of clearly defining key elements like delivery, payment terms, warranties, termination, and governing law provisions in sales agreements. Drawing on his extensive experience, Mr. Kumar shared best practices for drafting and reviewing contracts to ensure compliance with UAE laws, mitigation of losses and protection of their interest.
The seminar proved to be highly interactive with participants asking thought-provoking questions related to their business operations and challenges encountering in the international business transactions. Mr. Alsuwaidi and Mr. Kumar provided tailored legal advice helping the attendees navigate their specific contractual concerns. The seminar concluded on a positive note with attendees commending the relevance of the topics discussed and the practical legal guidance provided by Alsuwaidi & Company.
This legal seminar is part of Alsuwaidi & Company’s ongoing efforts to support businesses in the UAE by delivering strategic legal insights that help companies navigate the complexities of local laws and ensure compliance in their commercial transactions.
For more information or to discuss how we can assist your business, please contact us at info@alsuwaidi.ae.