Board resolution for the purchase of property
An agreement of purchase and sale for commercial real estate may be entered into and carried out by a corporation with the help of a board resolution. Important explanations and …
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Declaration of trust vs trust deed
The documents used to lay forth the essential details about the creation of trusts are declarations of trust and trust deeds. They specify who is establishing the faith, who will …
Online Procedure for Power of Attorney (POA) Notarization in the UAE
As a result of the coronavirus epidemic, more firms are being compelled to operate remotely, and some federal and state governments are working swiftly to enable entirely online operations to …
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Drafting a Vessel Purchase and Sale Agreement in the UAE: A Guide
The process of buying and selling a vessel in the United Arab Emirates begins with a vessel purchase and sale agreement, which specifies all the conditions and costs of the …
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How to use UAE Notarized Document Abroad?
The UAE federal labor Law stipulates that anybody requesting for a residence permit in the UAE, whether they are a foreigner or a national, must first submit an authenticated certificate …
Power of Attorney for A Friend – All You Need to Know
There are certain situations when people cannot carry out specified tasks, either because they are not physically present at the scene or for other reasons. However, certain tasks must be …
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UAE Outsets Issuance of Birth Certificates to Newly-Born Children with Unknown Fathers
Of late, the UAE effected Federal Law No. (10) of 2022, the statute confers a landmark right to children born outside of marriage or a relationship to be legally registered …
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Risks of giving Power of Attorney
Selecting a Power of Attorney requires a significant level of trust since choosing someone as your legal Agent is risky. Whoever you name as your Power of Attorney legally replaces …
Misuse of a power of attorney and its effects in the UAE
A Power of Attorney provides another person significant control over your money and possessions. If this authority is misused, the victim will often need court assistance to recoup any lost …
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How memorandum of understanding (MOU) is beneficial for business?
So, while not forming a formal contract, you are discussing terms with the other side. Establishing a commercial partnership may be facilitated by using a memorandum of understanding (MOU). It …
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