Deed Of Waiver And Release Template for United Arab Emirates

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Key Requirements PROMPT example:

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."

Document background
The Deed of Waiver and Release is a crucial legal instrument in UAE business and commercial transactions, commonly utilized to formally document the surrender of rights and release of obligations. This document type is particularly relevant when parties seek to resolve disputes, conclude business relationships, or modify existing obligations. Under UAE law, specific requirements must be met for such deeds to be enforceable, including proper execution, consideration, and compliance with UAE Federal Law No. 5 of 1985 (Civil Code). The deed typically includes comprehensive details about the rights being waived, the scope of the release, and any conditions attached to the waiver. It's essential in various contexts, from employment settlements to commercial dispute resolutions, and must be carefully drafted to ensure enforceability within the UAE legal framework.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

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

Relevant Industries

Construction

Financial Services

Real Estate

Manufacturing

Professional Services

Energy

Healthcare

Technology

Retail

Transportation and Logistics

Relevant Teams

Legal

Compliance

Risk Management

Human Resources

Corporate Secretarial

Commercial

Finance

Operations

Business Development

Project Management

Relevant Roles

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

Industries
Teams

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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