UAE’s new Commercial Agency Law ‘offers more flexibility’ on contracts and settling dispute
The United Arab Emirates (UAE) has recently enacted a new Commercial Agency Law that is designed to offer greater flexibility to businesses operating in the country. The new law, which replaces the old Commercial Agencies Regulation of 1985, has been widely praised for its modern approach to commercial agency contracts and its ability to effectively settle disputes between parties.
Allowing 100 per cent foreign ownership across sectors had to be the single biggest reform the UAE has brought into the business and corporate space in the recent past. Because so much of change was brought into play to decades on doing business in a certain way.
The changes don’t end there – a close second would have to be the tweaks the UAE made to the Commercial Agency Law. Tweaks, because rather than wholesale changes to the prevailing eco-system that governs international brands’ relationships with their local partner, the emphasis is on the incremental. And offers greater clarity on other points.
One of the key provisions of the new law is the increased flexibility it provides in terms of the terms and conditions of commercial agency contracts. The law now allows for commercial agency contracts to be tailored to meet the specific needs of each business, rather than being limited to a one-size-fits-all approach. This is expected to greatly benefit small and medium-sized enterprises (SMEs) in particular, as they will now have greater flexibility in negotiating the terms of their contracts.
Another important aspect of the new Commercial Agency Law is its ability to resolve disputes between parties in a more efficient and effective manner. The law now provides a clear process for resolving disputes, which includes mediation, arbitration, and litigation. This is a significant improvement over the previous law, which was often criticized for being unclear and difficult to navigate.
The new Commercial Agency Law also provides greater protection for commercial agents operating in the UAE. Under the old law, commercial agents were often at a disadvantage when it came to negotiating the terms of their contracts, but the new law now provides them with greater bargaining power. This is expected to result in better working conditions for commercial agents and a more level playing field for all parties involved.
In addition, the new Commercial Agency Law also provides for the regulation of commercial agency fees. This is a significant step forward for the UAE, as it will help to ensure that commercial agencies are operating in a fair and transparent manner. The regulation of commercial agency fees is also expected to help to prevent abuses and ensure that the fees charged are reasonable and in line with market rates.
The new Commercial Agency Law in the UAE is a significant step forward for businesses operating in the country. It offers greater flexibility in the terms of commercial agency contracts, provides a clearer process for resolving disputes, and provides greater protection for commercial agents. The law is expected to have a positive impact on the country’s business environment and contribute to the growth of the economy.
Afiwvn
stromectol over the counter – buy candesartan 8mg online cheap order generic tegretol 200mg
January 1, 2025Daswiw
accutane 10mg usa – accutane pill buy linezolid without prescription
January 19, 2025Yqfnjj
buy amoxil tablets – order combivent 100 mcg generic combivent buy online
January 20, 2025Vgaenu
azithromycin 250mg uk – purchase azithromycin online purchase nebivolol sale
February 3, 2025Tuitey
prednisolone 20mg drug – azipro 500mg pills progesterone 200mg canada
February 4, 2025Fsibve
lasix 100mg for sale – order nootropil 800 mg online order betamethasone 20 gm without prescription
February 10, 2025Vvjsqu
buy neurontin 600mg online cheap – anafranil usa buy itraconazole sale
February 11, 2025Flnafx
order amoxiclav online – generic duloxetine duloxetine 20mg drug
February 15, 2025Korgfz
buy vibra-tabs for sale – buy cheap generic doxycycline order glucotrol generic
February 17, 2025Vaaxkc
augmentin 375mg oral – augmentin pills cymbalta 20mg without prescription
February 24, 2025Lehxke
buy semaglutide 14mg online – buy cyproheptadine 4 mg for sale cyproheptadine generic
February 26, 2025Umydld
zanaflex where to buy – tizanidine buy online buy microzide medication
February 28, 2025Gyuxgr
tadalafil online order – sildenafil 100mg tablets sildenafil mail order usa
March 7, 2025Cbrqfx
buy generic sildenafil – sildenafil 100mg uk otc cialis
March 9, 2025Jsrbzb
buy atorvastatin generic – order norvasc online cheap zestril online buy
March 16, 2025Wtralm
buy cenforce without a prescription – glycomet order online buy glycomet 1000mg pills
March 17, 2025Cpprdt
lipitor cheap – buy lisinopril 10mg pill order prinivil generic
March 20, 2025Hfdqst
buy methylprednisolone without prescription – buy methylprednisolone paypal triamcinolone 10mg pill
March 28, 2025Pjbsff
order desloratadine 5mg pill – generic loratadine 10mg priligy 60mg us
March 30, 2025Cecgro
misoprostol 200mcg tablet – xenical over the counter where can i buy diltiazem
March 31, 2025Wlfhbo
purchase zovirax without prescription – buy generic zyloprim 300mg crestor 20mg uk
April 6, 2025Tpugfo
order domperidone 10mg generic – brand cyclobenzaprine 15mg buy flexeril medication
April 9, 2025Iqdvcd
buy domperidone sale – buy flexeril 15mg pills buy flexeril 15mg pills
April 16, 2025Nimjop
generic inderal – buy plavix 75mg online cheap buy generic methotrexate 2.5mg
April 18, 2025Ktflik
buy medex generic – buy cheap generic warfarin order losartan
April 20, 2025Aixvol
buy levaquin medication – purchase levaquin generic order generic zantac 300mg
April 24, 2025Ukqwqr
buy nexium 20mg pill – buy generic imitrex online brand sumatriptan
April 26, 2025