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Hardship Waiver
"I need a Hardship Waiver for our construction company to waive rights related to increased material costs and supply chain disruptions affecting our Dubai mall project, with the waiver to be effective from March 1, 2025."
1. Parties: Identification of all parties to the waiver, including full legal names, addresses, and registration details
2. Background: Context of the hardship situation, relationship between parties, and relevant underlying agreements
3. Definitions: Definitions of key terms including 'Hardship', 'Affected Obligations', and other relevant terms
4. Nature of Hardship: Detailed description of the hardship circumstances being waived
5. Waiver Provisions: Express waiver of rights related to the hardship, including scope and extent of the waiver
6. Consideration: Statement of consideration (if any) being provided in exchange for the waiver
7. Duration and Survival: Period for which the waiver remains valid and any provisions that survive termination
8. Representations and Warranties: Statements affirming parties' capacity, authority, and understanding of the waiver
9. Governing Law and Jurisdiction: Confirmation of UAE law as governing law and jurisdiction for disputes
1. Compliance with Sharia: Specific section confirming compliance with Sharia principles - include when the waiver involves Islamic finance or when parties specifically require Sharia compliance
2. Asset-Specific Provisions: Details about specific assets affected by the hardship - include when the waiver relates to particular properties or assets
3. Regulatory Compliance: Specific regulatory requirements and compliance statements - include when the waiver relates to regulated activities or entities
4. Third Party Rights: Provisions regarding rights of third parties affected by the waiver - include when third party interests are involved
5. Severability: Provisions for severability of invalid terms - include in complex waivers with multiple provisions
6. Confidentiality: Confidentiality obligations regarding the waiver and related circumstances - include when dealing with sensitive commercial information
1. Schedule 1 - Affected Agreements: List and details of all agreements affected by the hardship waiver
2. Schedule 2 - Hardship Circumstances: Detailed description of the hardship circumstances and their impact
3. Schedule 3 - Waived Rights: Comprehensive list of specific rights being waived
4. Appendix A - Supporting Documents: Copies of relevant supporting documentation evidencing the hardship
5. Appendix B - Corporate Authorizations: Copies of corporate approvals and authorizations for the waiver
Authors
Affected Obligations
Business Day
Claim
Commencement Date
Confidential Information
Contractual Obligations
Effective Date
Execution Date
Force Majeure Event
Governing Law
Hardship
Hardship Circumstances
Jurisdiction
Law
Liability
Loss
Notice
Original Agreement
Parties
Related Agreements
Representatives
Sharia
Termination Date
UAE
Underlying Contract
Waived Rights
Waiver Period
Interpretation
Hardship Identification
Waiver Scope
Duration
Consideration
Representations and Warranties
Acknowledgments
Compliance
Sharia Compliance
Regulatory Compliance
Severability
Further Assurance
Assignment
Confidentiality
Notices
Amendment
Entire Agreement
Counterparts
Third Party Rights
Governing Law
Dispute Resolution
Force Majeure
Indemnification
Survival
Construction
Real Estate
Banking and Finance
Manufacturing
Energy and Resources
Infrastructure
Trading and Distribution
Hospitality
Technology
Transportation and Logistics
Legal
Compliance
Risk Management
Commercial Operations
Corporate Secretariat
Business Development
Project Management
Operations
Executive Leadership
Finance
Chief Executive Officer
Chief Legal Officer
General Counsel
Legal Director
Commercial Director
Contract Manager
Risk Manager
Project Director
Business Development Manager
Compliance Officer
Corporate Secretary
Senior Legal Counsel
Operations Director
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