HFI launches 2021 International Agency Agreement upgrade for Middle East energy technology client ventures
I am pleased to announce that HFI has launched our upgraded dual language agency agreement for Middle East ventures. The new document is built on specialist contract automation software and reflects 20 years’ of know-how and experience in formulating, re-booting and terminating local partner agreements in the region. The upgrade is our biggest overhaul to date and reflects lessons learned from clients’ experiences and legal developments in regional laws over the last 5 years.
The success or failure of ventures can depend on building win/win commercial arrangements while managing the legal risks associated with regional legal agreements. Key issues to manage include understanding how local laws can over-ride commercial contract terms, ensuing dual English/Arabic language issues are properly addressed and administering the execution, legalization and registration formalities associated with regional commercial agencies.
Variations of the Agency Agreement are available for the, ADVI - Abu Dhabi Ventures Initiative SAVI - Saudi Arabia Ventures Initiative, QATVI - Qatar Ventures Initiative EGVI - Egypt Ventures Initiative Oman , Kuwait, Iraq and INDVI - India Ventures Initiative.