Joint Venture Termination Agreement Template for United Arab Emirates

1. Intellectual Property Rights: Distribution and future use of intellectual property - include if IP was developed or used in the joint venture

2. Employee Matters: Treatment of employees and transfer arrangements - include if joint venture had direct employees

3. Ongoing Projects: Handling of incomplete projects and contracts - include if there are ongoing business commitments

4. Non-Compete Provisions: Post-termination competition restrictions - include if parties agree to restrict future competition

5. Tax Matters: Allocation of tax liabilities and obligations - include if there are significant tax implications

6. Insurance: Handling of insurance policies and claims - include if there are active insurance policies

7. Dispute Resolution: Specific dispute resolution mechanisms - include if parties want alternative dispute resolution procedures

1. Schedule 1 - Asset Register: Detailed list of all joint venture assets and their agreed distribution

2. Schedule 2 - Settlement Statement: Detailed financial settlement calculations and payments

3. Schedule 3 - Outstanding Liabilities: List of all outstanding liabilities and their allocation

4. Schedule 4 - Contracts List: List of all contracts and their disposition (termination, assignment, or continuation)

5. Schedule 5 - Required Notices: List of all required notices to authorities, customers, and suppliers

6. Appendix A - Closing Actions: Checklist of actions required to complete the termination

7. Appendix B - Form of Public Announcement: Agreed form of any public statements about the termination