MOU Review & Agreement Drafting

I am in need of a legal professional to comprehensively review a Memorandum of Understanding (MOU) I have received from my business partner. I require the document to be examined for an equitable split of shares, employment terms, and any legal gaps that could potentially lead to disputes. Preferred to review UAE Law as the companies place of operation is in Dubai. Key elements of the project include: - **Reviewing Equity Split:** The MOU contains a custom equity split that I need verified for fairness and legal soundness. - **Employment Terms Analysis:** The employment terms within the MOU need to be scrutinized for clarity, fairness, and legal compliance. - **Identification of Legal Gaps:** I require a detailed review to identify and rectify any legal gaps within the MOU. In addition to the review, I also need assistance with drafting supplementary agreements. The additional agreements will serve to clarify and strengthen the MOU, offering a more robust legal framework. Ideal candidates for this project should have: - **Legal Expertise:** A background in contract law or corporate law is essential. Previous experience with MOUs is highly desirable. - **Analytical Skills:** The ability to scrutinize legal documents for potential issues, inconsistencies, and risks. - **Drafting Proficiency:** Experience in drafting legal agreements is required. The ability to craft clear, concise, and legally sound documents is a must. - **Communication Skills:** Clear and effective communication is vital to ensure that all legal terms within the MOU are clearly understood and accounted for in the drafting of additional agreements. Please consider these requirements carefully before submitting a bid. Your expertise and attention to detail are crucial for the success of this project and the protection of my interests. Some key notes to discuss as per advice I have gotten: 1. Duration and Full-time Commitment: Ensure that the duration of four years and the requirement for full-time commitment are reasonable and feasible for you. Consider including provisions for termination with adequate notice periods and conditions for resignation without penalty. 2. Salary and Benefits: Clearly outline the salary, benefits, and any other perks offered by the Company to the Manager. Ensure that these are competitive and commensurate with the responsibilities and expectations outlined in the agreement. 3. Share Transfer: Be cautious about the transfer of shares. Seek legal advice to understand the implications fully. Consider negotiating a buyback clause or provisions for liquidation of shares in case of disagreements or breaches of the agreement. 4. Annual Target and Share Purchase: Clearly define the annual targets for the Manager and the mechanism for calculating the fair market value of the company's shares. Ensure that these targets are realistic and achievable. 5. Valuation Process: Clarify the valuation process for the shares if there is a disagreement between the Parties. Consider including provisions for independent third-party valuation to ensure fairness and transparency. 6. Shares Held in Trust: Understand the implications of shares held in trust and the limitations on the Manager's rights and benefits associated with these shares. Seek legal advice to ensure that your interests are protected. 7. Dispute Resolution: Review the dispute resolution clause carefully. Consider negotiating for alternative dispute resolution mechanisms or specifying the number of arbitrators and the arbitration seat/language to ensure a fair and efficient resolution process.