UAE Civil Transactions Law

Article 608

Book Two: Nominate Contracts · Section One: Contracts of Transfer of Ownership · Chapter Five: Company Contract · Part One: General Provisions · First: The Contributions

1. If the contribution of a partner in the company consists of a right of ownership, a right of usufruct, or any other real right (jus in rem), the provisions governing sale shall apply to the warranty of such contribution in the event of its perishing, entitlement thereto, or the appearance of a defect or deficiency therein. However, if the contribution is merely of the right of enjoyment of the property, the provisions governing lease shall apply in all such cases, unless the law provides otherwise. 2. If the contribution of a partner consists of services, such partner shall perform the services undertaken under the contract and shall render an account of their earnings from the date the company commenced carrying on the activity for which such services were contributed. In this case, the partner shall not be obliged to transfer to the partnership any intellectual property rights acquired thereby, unless otherwise agreed.

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