As part of its efforts to support the growth and development of Dubai’s business community, the Dubai Chamber of Commerce and Industry, DCCI, recently organised a workshop to raise awareness on the legal and technical aspects related to drafting successful business contracts.

The workshop was attended by chamber members, lawyers and legal advisors, investors, managers, business leaders and Small and Medium Enterprises' owners who frequently use contracts in their commercial dealings.

Paul Jorgensen, an expert in the field of contracts, licences and intellectual property, led the discussion and highlighted the basic elements and terms that business contracts should include, in addition to safeguards, risks and enforceability issues related to contracts.

Ms. Jehad Kazim, Director of Dubai Chamber’s Legal Services Department, explained the importance of properly drafted contracts as they enable companies to achieve their goals, reduce risks, enhance corporate profitability, and reduce the probability of disputes between business partners.

She added that contracts must guarantee the rights and responsibilities of the parties involved.