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Final Release Of Claims

Final Release Of Claims Template for United Arab Emirates

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Key Requirements PROMPT example:

Final Release Of Claims

"I need a Final Release of Claims document for an employment settlement between our technology company and a former senior developer who is leaving on March 15, 2025, including confidentiality provisions and coverage for all intellectual property matters under UAE law."

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Document background
A Final Release of Claims is a crucial legal document used in the United Arab Emirates when parties wish to formally conclude disputes or potential claims. This document is commonly used following settlements, employment terminations, or business relationship conclusions, where one party agrees to release any and all claims against another party in exchange for valid consideration. The document must comply with UAE Federal Law requirements, including the Civil Code and Commercial Transactions Law, and typically requires execution in both Arabic and English. Special attention must be paid to the UAE's specific requirements for releases, including the need for clear consideration, specific identification of released claims, and proper authentication procedures. The Final Release of Claims serves as a definitive end to potential litigation or disputes, providing legal certainty and closure for all parties involved.
Suggested Sections

1. Parties: Identification of all parties including full legal names, addresses, and capacity in which they are acting

2. Background: Brief description of the circumstances leading to the release, including reference to any disputes or claims

3. Definitions: Key terms used in the release, including 'Claims', 'Effective Date', and any specific terms relevant to the underlying dispute

4. Consideration: Clear statement of the consideration being provided in exchange for the release

5. Release Provisions: Detailed description of claims being released, including present and future claims

6. Representations and Warranties: Statements confirming authority to enter into agreement, understanding of terms, and voluntary nature of release

7. Governing Law and Jurisdiction: Specification of UAE law as governing law and relevant courts' jurisdiction

8. Language: Statement about document language versions and which prevails in case of conflict

9. Execution: Signature blocks with requirements for valid execution under UAE law

Optional Sections

1. Confidentiality: Terms regarding confidentiality of the settlement and release - include when parties want to keep terms private

2. Non-Disparagement: Provisions preventing parties from making negative statements - useful in high-profile or employment-related releases

3. Return of Property: Requirements for returning any property or documents - relevant in employment or business relationship contexts

4. Tax Implications: Statements about tax responsibility - include when settlement involves significant monetary consideration

5. Cooperation: Obligations to cooperate in implementing the release - useful in complex situations requiring further actions

6. No Admission of Liability: Statement that release does not constitute admission of liability - important in disputed matters

Suggested Schedules

1. Schedule 1 - Specific Claims: Detailed list of specific claims being released, including dates and reference numbers

2. Schedule 2 - Settlement Payment Details: Details of any settlement payments, including payment schedule and method

3. Schedule 3 - Related Entities: List of affiliated entities covered by the release

4. Appendix A - Supporting Documents: Copies of relevant documents referenced in the release

5. Appendix B - Form of Notice: Template for any required notices or communications under the release

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

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant Industries

Banking and Financial Services

Construction and Real Estate

Healthcare

Manufacturing

Retail and Consumer Goods

Technology and Software

Professional Services

Energy and Resources

Transportation and Logistics

Hospitality and Tourism

Education

Insurance

Relevant Teams

Legal

Human Resources

Compliance

Risk Management

Corporate Governance

Executive Leadership

Finance

Operations

Employee Relations

Contracts Administration

Relevant Roles

Legal Counsel

Human Resources Director

Compliance Officer

Risk Manager

Chief Legal Officer

Settlement Officer

Claims Manager

Corporate Secretary

General Counsel

HR Business Partner

Employee Relations Manager

Chief Executive Officer

Chief Financial Officer

Contracts Manager

Legal Operations Manager

Industries
UAE Federal Law No. 5 of 1985 (Civil Code): Primary legislation governing contracts, settlements, and releases. Articles 1092-1132 specifically deal with settlements and releases. Sets out requirements for valid discharge of obligations.
UAE Federal Law No. 18 of 1993 (Commercial Transactions Law): Relevant for releases involving commercial transactions or business relationships. Contains provisions about commercial obligations and their discharge.
UAE Federal Law No. 8 of 1980 (UAE Labor Law): If the release involves employment matters, this law governs employment-related settlements and releases, particularly regarding end-of-service benefits and employment claims.
UAE Federal Law No. 5 of 1985 Article 473: Specifies the statute of limitations for civil claims (15 years for most civil claims), which is crucial for understanding the scope of claims being released.
UAE Federal Law No. 5 of 1985 Articles 257-272: Details the principles of contractual formation and validity, including requirements for mutual consent and consideration.
UAE Federal Law No. 10 of 1992 (Law of Evidence): Governs the formal requirements for legal documents and their evidential value in UAE courts.
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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