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Deed Of Waiver And Release
"I need a Deed of Waiver and Release under UAE law for our construction company to settle an ongoing dispute with a subcontractor regarding delayed project completion, where we'll waive delay penalties in exchange for expedited completion by March 2025."
1. Parties: Identifies all parties to the deed, including full legal names, addresses, and registration details for corporate entities
2. Background: Sets out the context and circumstances leading to the waiver and release, including reference to any underlying agreements or disputes
3. Definitions: Defines key terms used throughout the deed, including the rights or claims being waived
4. Waiver: Clear and unequivocal statement of the rights, claims, or interests being waived
5. Release: Explicit release of specified parties from obligations, liabilities, or claims
6. Consideration: States the consideration being provided in exchange for the waiver and release
7. Representations and Warranties: Statements by the waiving party regarding their authority and capacity to give the waiver
8. Further Assurance: Obligation to execute further documents or take additional steps if necessary
9. Governing Law and Jurisdiction: Specifies UAE law as governing law and relevant courts' jurisdiction
10. Execution: Formal execution block meeting UAE requirements for deeds
1. Confidentiality: Required when the waiver relates to confidential information or there's a need to keep the waiver terms confidential
2. Non-Admission of Liability: Optional clause stating that the waiver does not constitute admission of liability by any party
3. Survival: Specifies which provisions survive termination of the deed, used when certain obligations need to continue
4. Third Party Rights: Required when the waiver affects or benefits third parties not directly party to the deed
5. Severability: Optional clause ensuring remainder of deed remains valid if any part is found invalid
6. Notices: Include when ongoing obligations exist requiring formal communications between parties
1. Schedule 1 - Waived Rights: Detailed list of specific rights, claims, or interests being waived
2. Schedule 2 - Related Agreements: List of underlying agreements or documents relevant to the waiver
3. Schedule 3 - Released Parties: If applicable, comprehensive list of all parties being released, including related entities
4. Appendix A - Supporting Documents: Copies of relevant supporting documents referenced in the deed
5. Appendix B - Form of Notice: Standard form for any notices required under the deed, if applicable
Authors
Business Day
Claim
Commencement Date
Confidential Information
Consideration
Dispute
Effective Date
Encumbrance
Governing Law
Liability
Loss
Original Agreement
Party
Parties
Release
Released Matters
Released Party
Relevant Period
Representatives
Rights
Signing Date
Subject Matter
UAE
Waiver
Waiving Party
Definitions
Waiver
Release
Consideration
Representations and Warranties
Indemnification
Confidentiality
Non-Admission of Liability
Further Assurance
Assignment
Severability
Entire Agreement
Variation
Notices
Costs
Third Party Rights
Counterparts
Governing Law
Jurisdiction
Language
Survival
Time of Essence
No Waiver
Authority
Construction
Financial Services
Real Estate
Manufacturing
Professional Services
Energy
Healthcare
Technology
Retail
Transportation and Logistics
Legal
Compliance
Risk Management
Human Resources
Corporate Secretarial
Commercial
Finance
Operations
Business Development
Project Management
Legal Counsel
Compliance Officer
Contract Manager
Chief Legal Officer
Risk Manager
Company Secretary
Business Development Manager
Project Manager
Human Resources Director
Chief Executive Officer
Chief Financial Officer
Commercial Director
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