Receipt And Release Agreement Template for United Arab Emirates

Create a bespoke document in minutes, or upload and review your own.

4.6 / 5

4.8 / 5

Let's create your Receipt And Release Agreement

1. Select your governing law and document type:

2. Enter your key requirements:

3. Create your document to edit, review or download

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Receipt And Release Agreement

"I need a Receipt and Release Agreement for settling an employment dispute with a former senior executive, including a settlement amount of AED 500,000 and confidentiality provisions, to be executed by March 2025."

Document background

The Receipt and Release Agreement is a crucial document in the UAE legal landscape, commonly used to formally document the settlement of disputes, claims, or obligations between parties. This agreement type is particularly relevant in the UAE's dynamic business environment, where it serves to provide clarity and finality to settlements while ensuring compliance with local laws. The document is structured to meet the requirements of UAE Federal Law No. 5 of 1985 (Civil Code) and related legislation, incorporating essential elements such as consideration, clear release terms, and proper execution requirements. It is frequently used in commercial disputes, employment settlements, insurance claims, and construction project completions, providing parties with a legally binding document that evidences both the receipt of consideration and the release of claims. The agreement's importance is heightened in the UAE context due to the jurisdiction's emphasis on formal documentation and clear evidence of settlement terms.

Suggested Sections

1. Parties: Identification of all parties to the agreement, including full legal names, addresses, and registration details if corporate entities

2. Background: Recitals explaining the context of the agreement, including any disputes or claims being settled

3. Definitions: Definitions of key terms used throughout the agreement, including 'Claims', 'Released Matters', and 'Effective Date'

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

5. Release: Core provision detailing the scope of the release, what claims are being released, and by whom

6. Acknowledgments: Confirmations from parties regarding understanding of the release and receipt of consideration

7. Non-Admission of Liability: Statement that the agreement does not constitute admission of liability by any party

8. Governing Law and Jurisdiction: Specification of UAE law as governing law and designation of appropriate UAE courts for disputes

9. Entire Agreement: Confirmation that this document represents the complete agreement between parties regarding the released matters

10. Execution: Signature blocks and execution formalities compliant with UAE requirements

Optional Sections

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

2. Continuing Obligations: Details of any obligations that survive the release, used when certain responsibilities continue past settlement

3. Tax Implications: Provisions addressing tax consequences of the settlement, used when significant sums are involved

4. Return of Property: Requirements for return of documents or property, used when physical items or documents need to be exchanged

5. Non-Disparagement: Provisions preventing parties from making negative statements about each other, used in sensitive settlements

6. Future Cooperation: Requirements for future cooperation between parties, used when ongoing interaction is necessary

Suggested Schedules

1. Schedule of Released Claims: Detailed list of specific claims, disputes, or matters being released

2. Payment Schedule: Details of payment amounts, dates, and methods if consideration is to be paid in installments

3. List of Related Proceedings: List of any legal proceedings to be discontinued as part of the settlement

4. Property Schedule: Inventory of any property or documents to be transferred or returned

5. Corporate Authorizations: Copies of corporate approvals and authorizations if parties are corporate entities

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

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Construction

Real Estate

Banking and Finance

Insurance

Manufacturing

Professional Services

Oil and Gas

Healthcare

Retail and Consumer

Technology

Transportation and Logistics

Hospitality

Employment Services

Relevant Teams

Legal

Risk Management

Human Resources

Finance

Compliance

Operations

Project Management

Corporate Affairs

Claims Processing

Business Development

Relevant Roles

Legal Counsel

General Counsel

Contract Manager

Risk Manager

Claims Manager

Human Resources Director

Chief Financial Officer

Project Manager

Compliance Officer

Settlement Officer

Corporate Secretary

Business Development Manager

Operations Manager

Find the exact document you need

Mutual Release Agreement Of Purchase And Sale

A UAE law-governed agreement that enables parties to mutually release each other from claims related to a previous purchase and sale transaction.

How a Sales & Marketing Lead uses Genie AI to reduce contract drafting time by 95%

Let's create your Receipt And Release Agreement

Authors

Alex Denne

Find the exact document you need

Mutual Release Agreement Of Purchase And Sale

Work Immersion Agreement And Liability Waiver

Waiver Of Rights Agreement

Waiver Of Claims Agreement

Waiver And Release Of Non Compete Obligations

Testimonial Agreement

Resignation And Release Agreement

Resignation Agreement And General Release

Release Of Guaranty Form

Contract And Release

Simple Release Agreement

Insurance Hold Harmless Agreement

Tenant To Landlord Lease Termination Letter

Debt Waiver Agreement

Agreement Not To Sue

Simple Waiver Of Liability Form

Waiver Of Liability Form

Termination Of Contract Of Lease Letter

Termination Full And Final Release

Settlement Release Letter

Confidential Separation Agreement And General Release

Talent Release Agreement

Release Of Purchase Agreement

Release Of Confidentiality Form

Construction Waiver Of Liability Form

Apartment Lease Termination Letter

Release Of Memorandum Of Lease

Landlord Tenant Mutual Release

General Release Employment Termination

Real Estate Contract Release

Mutual Release Agreement Employment

Tenant Waiver Of Liability

Release Of Liability Settlement Agreement

Release Of Earnest Money Form

Loan Cancellation And Release Agreement

Settlement Release Agreement

Private Property Agreement And Waiver

Mutual Waiver Of Claims

Waiver Of Liability For Property Damage

Waiver And Indemnity Form

Termination Of Agency Agreement Letter

Personal Training Waiver Of Liability

Mutual General Release

Indemnity Release Form

Employee Waiver Of Liability Form

Release And Waiver Agreement

Release And Waiver Of Claims

Responsibility Waiver Agreement

Contractor Waiver Of Liability Form

Settlement Agreement Waiver Of Claims

Mutual Release And Termination Agreement

Tenancy Release Form

Waiver Of Responsibility Form

Severance Release Agreement

Release And Discharge Agreement

Contract Release Form

Mutual Rescission And Release Agreement

Medical Waiver Of Liability Form

Release Of Liability Agreement

Release And Indemnity Form

Receipt And Release Agreement

Employee Release Agreement

Agreement And General Release

Release Of Debt Agreement

General Release Agreement

General Release Of Liability Form

Agreement And Release

Location Release Form

Download our whitepaper on the future of AI in Legal

Genie’s Security Promise

Your documents are private:

Your documents are protected:

Organizational security

Innovation in privacy:

Want to know more?