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Dubai, UAE

Side agreement with a local partner

Good day!

Need legal advice. Dubai-based LLC company with a local sponsor, in accordance with side agreement local partner receives an annual fee. But the company license was frozen for a long period of time and local partner was informed about it.

In this case, has the local partner a right to request to pay him annual fee even the license was frozen and there was no activity.

Thank you in advance!  

United Advocates
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11 Oct 2016, 08:23

Hi,

Please confirm how detailed the Side Agreement is.

Also, how did you notify the local partner that the license has been attached/frozen (what was the mode of correspondence of such information)?

Based on the information provided we can then advise the way forward.

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