Full And Final Release Of All Claims Template for United Arab Emirates

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Key Requirements PROMPT example:

Full And Final Release Of All Claims

"I need a Full and Final Release of All Claims document under UAE law for settling an employment dispute with a senior executive, including confidentiality provisions and a non-disparagement clause, with the settlement payment of AED 500,000 to be paid by March 15, 2025."

Document background
A Full and Final Release of All Claims is a critical legal instrument used in the United Arab Emirates to definitively resolve disputes and potential claims between parties. This document is commonly utilized in various contexts, including commercial disputes, employment terminations, insurance settlements, and corporate transactions. It must comply with UAE federal laws, including the Civil Code (Federal Law No. 5 of 1985) and relevant commercial and procedural laws. The document serves to permanently discharge all known and unknown claims between parties, providing legal certainty and closure. It typically includes detailed provisions about the scope of the release, consideration provided, and specific UAE law requirements. The document is particularly important in the UAE business environment, where having clear, legally enforceable releases is crucial for risk management and dispute resolution. Special attention must be paid to ensuring the document meets local legal requirements, including proper execution, authentication if required, and compatibility with Sharia principles where applicable.
Suggested Sections

1. Parties: Identification of the releasing party (releasor) and the party being released (releasee), including full legal names and addresses

2. Background: Context of the dispute or circumstances leading to the release, including relevant dates and events

3. Definitions: Definitions of key terms used in the release, including 'Claims', 'Effective Date', and other relevant terms

4. Consideration: Details of the consideration being provided in exchange for the release, as required for validity under UAE law

5. Release and Discharge: Core release language covering all claims, demands, and causes of action being released

6. No Admission of Liability: Statement that the release does not constitute an admission of liability by any party

7. Governing Law and Jurisdiction: Specification of UAE law as governing law and selection of appropriate UAE courts for jurisdiction

8. Language: Specification of controlling language version (typically both Arabic and English versions required in UAE)

9. Execution: Signature blocks and execution requirements compliant with UAE law

Optional Sections

1. Confidentiality: Provisions regarding confidentiality of the settlement and release terms, used when parties wish to maintain privacy

2. Non-Disparagement: Mutual agreements not to make negative statements about other parties, used in sensitive cases

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

4. Future Cooperation: Obligations regarding future cooperation between parties, used when ongoing interaction may be necessary

5. Tax Implications: Addressing tax consequences of the settlement, used when significant sums are involved

6. Sharia Compliance: Specific provisions ensuring compliance with Sharia principles, used when relevant to the transaction

7. Employment-Specific Releases: Additional provisions specific to employment-related claims, used when releasing employment-related matters

Suggested Schedules

1. Schedule of Known Claims: Detailed list of specific claims being released, if any are specifically identified

2. Payment Schedule: Details of any settlement payments, including amounts, timing, and payment methods

3. Related Agreements: List of any related agreements that are affected by or connected to the release

4. Authorization Documents: Copies of power of attorney or other authorization documents required under UAE law

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 legal definitions
Clauses
Relevant Industries

Legal Services

Construction

Financial Services

Insurance

Real Estate

Manufacturing

Healthcare

Technology

Retail

Oil & Gas

Transportation & Logistics

Professional Services

Education

Hospitality

Relevant Teams

Legal

Human Resources

Compliance

Risk Management

Corporate Governance

Executive Leadership

Finance

Operations

Project Management

Business Development

Claims Processing

Dispute Resolution

Relevant Roles

Legal Counsel

Chief Legal Officer

HR Director

Chief Executive Officer

Risk Manager

Compliance Officer

Claims Manager

Contract Manager

Corporate Secretary

Business Development Manager

Project Manager

Finance Director

Operations Manager

Settlement Officer

Dispute Resolution Specialist

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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