We are talking to Samar Elbadwy, contract and commercial law specialist on the Commercial laws. In Dubai’s competitive business environment, solid commercial contracts are essential. Here’s a quick guide to protect your interests:

Must-Have Clauses:

Payment terms, termination clauses, dispute resolution, confidentiality, and force majeure.

Negotiation Strategies:

Leverage industry benchmarks, use milestone payments, and be flexible in other areas to secure favorable terms.

Common Pitfalls:

Avoid vague language, unclear termination terms, and neglecting local law compliance.

Future Trends:

Blockchain could streamline contract execution, while AI will help with contract analysis and risk identification.

Legal Challenges:

Watch out for jurisdiction issues, language barriers, and enforcing foreign judgments.

Pro Tip: Strong contracts foster trust and long-term success! 🔑

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