Doing Business in Arabian Gulf Requires a Corporate Lawyer
The legal system through the Arabian Gulf states is different from that of Europe or America, which is why one needs to hire a corporate lawyer in UAE if he or she is interested in doing business. Codified law according to modern standards is in its early period. Customs tend to be more significant in certain scenarios than written law. You could possess a written agency agreement with the agent, having a clause to terminate the bureau under specific conditions, yet it’s quite hard to terminate the arrangement even though the states are met.
Recognizing longstanding conventions is essential in creating a business relationship, revealing practice humility, kindness, seek honor, and temperance, truthfulness, shaking hands, cordiality and more.
Some of gestures and these customs are older than Islam, as they might happen to be from the early cultures in the Middle East. Such customs might help in achieving a deal together with your would-be customer and must be valued. Don’t eat or drink throughout the month of Ramadan in the front of Muslims. This is a month of fasting, and Friday is the Muslim Vacation; business is conducted through Thursday or Wednesday. Never interrupt Muslims.
As in America, one cannot presume a businessman in the Middle East has the identical standards of business ethics, accountants and even corporate attorneys because the area doesn’t approach the exact same manner to an ethical dilemma. The word “international trades” seems great, but it will not possess exactly the same significance that people attach to it. Foreign attorneys who focus on statutory interpretation may put less emphasis on factual investigations and problem spotting than do common trained corporate lawyer. In the field of intellectual property rights, all the Middle Eastern nations have never had the opportunity to understand its true significance.
In an entertainment case, a client is attempting to find the producer of a tune that originated from Lebanon so that a payment can be negotiated for using some of the tune located on a CD he purchased in The Big Apple. Sadly, the CD will not carry the producer’s name or any name to get hold of because the CD has been sold seemingly without permission.
Often, the foreign agent/provider of service of an American product may file a trademark in his name to speed up matters, but do not permit that to occur. The American company should begin registration of its logo distributorship. Getting a global brand protection is very important, it requires filing independent patent and trademark applications for protection in every state.
Dealing with International Corporate Lawyer
National law is practiced by American corporate lawyers, but companies who embark on doing business must seek legal counsel with an Arab talking attorney admitted to the bar of the United States where business will be ran. Foreign attorneys have legal traditions that are distinct, perspectives that are ethical, legal education and they work in ways that are distinct and unknown. Middle Eastern attorneys may not understand your industry, your company or your documentation procedure. They may be knowledgeable about the internal work of the local government bureaus. Their retainer fee is a lot less than that of which an American attorney charges. The hunt to get foreign legal counsel may be acquired in the United States Embassy abroad or in the US Dept. of Commerce.
UAE Corporate Lawyer: Service / Distributor Deals
The most typical means of selling in the Middle East is by making a commercial representative/vendor; other types of sales will be to set up a business existence by way of a joint venture or authority to your local company by means of a licensing or franchising arrangements. US exporters with distinct lines of products may find it advantageous to make providers or distinct commercial brokers in various states. Many businesses manage numerous product lines, which makes it hard sometimes to market all products efficiently.
Vendors or most representatives would rather manage products only. Different states have distinct agency laws that are commercial. Some laws don’t differ between provider and agent, referring to both as commercial representatives. Choosing the right agent or distributor is the main choice, as conclusion of a contract without damages is not easy. Most US companies found themselves paying a substantial sum of money to get their way from an understanding, irrespective of any specific performance standards, which could happen to be agreed upon by the parties with the corporate lawyer.
Dispute Resolution by Corporate Lawyer
But Most happen to be concluded by the parties, or the disputes are managed through arbitration. Some disputes may result in the court for arbitration.
Its customs authority runs. Recently, there really has been an improvement involving the United Arab Emirates to create a Customs Council, whose precedence will be to set up a customs union to unify Customs rules, regulations, processes and documentation inside the UAE. Paying officials off to sell products abroad is a breach to the US law. The Justice Department is using aggressive strategies to investigate possible Foreign Corrupt Practices Act (FCPA) infringements.
DISCLAIMER: While every effort has been made to ensure the accuracy of this publication, it is not intended to provide legal advice as individual situations will differ and should be discussed with an expert and/or lawyer. For specific or legal advice on the information provided and related topics, please contact us.
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