07 UAE Contract Law

A brief overview by Real Law 

Who is this overview for

• Business entities, including investors and entrepreneurs,
• Contractors and subcontractors - both legal and natural persons,
• Lawyers, legal advisors and related specialists,
• Business consultants.

Key regulation areas

The UAE contract law represents a set of legal rules governing obligations arising from contracts. Contract law primarily governs the creation, interpretation, enforcement and termination of agreements between two or more parties. Therefore, it provides a legal framework for voluntary, mostly commercial, relationships.

There are different types of contracts governed by the UAE law, including:

- Sale contracts that regulate the sale of goods;
- Lease contracts that regulate the transfer of the right to use property for a fee;
- Supply contracts that regulate the delivery of goods in accordance with agreed specifications and terms;
- Service contracts that regulate rendering of services by one party to another;
- Employment contracts that regulate the employee-employer relations, etc.

Regulatory authorities 

The UAE Ministry of Justice p...