When it comes to forming a Limited Liability Partnership (LLP), there are certain legal formalities that need to be taken care of. One such requirement is drafting an LLP agreement. This document outlines the terms and conditions of the partnership, including the rights and obligations of the partners, profit sharing ratio, and dissolution process. […]

Mutual Agreement Procedure in the UAE: A Comprehensive Guide The Mutual Agreement Procedure (MAP) is a dispute resolution mechanism used to resolve international tax disputes between different countries. The UAE has provisions for MAP under the double taxation avoidance agreements (DTAA) signed with other countries. In this article, we will explore the MAP process […]

When it comes to expanding a business, franchising and licensing are two popular options. However, there are differences between the two, especially when it comes to legal agreements. It`s essential for business owners to understand the differences between franchise agreements and license agreements before committing to either option. Franchise Agreement A franchise agreement is […]