Clean Break Agreement Template for United Arab Emirates

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Key Requirements PROMPT example:

Clean Break Agreement

I need a Clean Break Agreement under UAE law to finalize my divorce settlement, including division of a Dubai property portfolio worth AED 5 million and arrangements for transferring business shares in my tech startup.

Document background
The Clean Break Agreement is a crucial document in UAE divorce proceedings, designed to achieve a final settlement of all financial matters between divorcing spouses. It becomes relevant when parties wish to formally conclude their financial relationship and prevent future claims against each other's assets or income. The agreement must carefully balance UAE Federal Law requirements, Sharia principles, and the practical needs of the parties. It typically includes comprehensive details about asset division, property transfers, financial obligations, and mutual releases. This document is particularly important in the UAE context where the legal system combines civil law with Sharia principles, requiring careful consideration of both frameworks. The agreement should be drafted with attention to local enforceability requirements, including proper notarization and potential court ratification processes specific to the UAE jurisdiction.
Suggested Sections

1. Parties: Details of both spouses entering into the clean break agreement

2. Background: Brief history of marriage, date of separation, and current status of divorce proceedings

3. Definitions: Key terms used throughout the agreement defined for clarity

4. Declaration of Intent: Statement confirming both parties' intention to achieve a complete financial separation

5. Financial Disclosure: Confirmation that both parties have made full and frank disclosure of all assets and liabilities

6. Division of Assets: Detailed arrangements for division of all matrimonial assets including property, investments, and personal possessions

7. Financial Claims: Mutual agreement to waive all future financial claims against each other

8. Implementation: Timeframes and practical arrangements for implementing the agreement

9. Governing Law: Confirmation that UAE law governs the agreement

10. Binding Effect: Statement that the agreement is intended to be legally binding

11. Execution: Signing requirements and witness provisions

Optional Sections

1. Children's Arrangements: Include if there are children of the marriage - details of custody, access, and maintenance arrangements

2. Pension Arrangements: Include if either party has pension assets that need to be divided

3. Business Interests: Include if either party owns business interests that need to be addressed

4. Inheritance Rights: Include if there are specific inheritance matters to be addressed under UAE law

5. Confidentiality: Include if parties wish to keep terms of settlement private

6. Tax Provisions: Include if there are significant tax implications to be addressed

7. Future Dispute Resolution: Include if parties want to specify how future disputes will be handled

8. Property Transfer Arrangements: Include if there is real estate to be transferred between parties

Suggested Schedules

1. Schedule 1: Asset Schedule: Complete list of all matrimonial assets and their agreed values

2. Schedule 2: Property Details: Details of any real estate including ownership status and transfer arrangements

3. Schedule 3: Financial Disclosure: Detailed financial statements from both parties

4. Appendix A: Supporting Documents: List of all relevant certificates, property documents, and court orders

5. Appendix B: Implementation Timeline: Detailed timeline for implementing various aspects of the agreement

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

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Legal

Family Law

Private Client Services

Wealth Management

Document Processing

Notary Services

Court Services

Mediation

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Relevant Roles

Family Law Attorney

Legal Counsel

Divorce Lawyer

Private Client Advisor

Wealth Manager

Financial Advisor

Property Lawyer

Notary Public

Legal Document Specialist

Family Court Judge

Mediator

Legal Consultant

Sharia Law Expert

Industries
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Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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