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Release And Indemnity Agreement

Release And Indemnity Agreement Generator for United Arab Emirates

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Key Requirements PROMPT example:

Release And Indemnity Agreement

"I need a Release and Indemnity Agreement under UAE law for a construction project completion, where ABC Contractors LLC releases XYZ Development Company from all claims relating to the Dubai Heights Tower project, with specific indemnification for any subcontractor claims that may arise after March 2025."

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Document background
The Release And Indemnity Agreement is a crucial legal instrument in the United Arab Emirates business environment, typically employed when parties seek to resolve existing disputes or manage potential future risks. This document finds application in various scenarios, including settlement of commercial disputes, closure of business relationships, or risk allocation in ongoing business operations. The agreement must be carefully drafted to comply with UAE Civil Code provisions, particularly regarding the validity of releases and the scope of permissible indemnification. It typically includes detailed provisions about the claims being released, the scope of indemnification, and any continuing obligations between parties. The document's effectiveness is governed by UAE federal laws, including both the Civil Code and Commercial Transactions Law, making it essential to incorporate specific jurisdictional requirements for enforceability.
Suggested Sections

1. Parties: Identification of the Releasor and Releasee, including full legal names and addresses

2. Background: Context of the agreement, including the relationship between parties and circumstances leading to the release

3. Definitions: Key terms used in the agreement, including 'Released Claims', 'Indemnified Matters', and 'Effective Date'

4. Release: Clear statement of release, including scope of claims being released and effective date

5. Consideration: Statement of consideration being provided in exchange for the release

6. Indemnification: Scope of indemnification obligations, including covered losses and procedures

7. Representations and Warranties: Statements regarding authority to enter agreement, understanding of terms, and voluntary execution

8. Governing Law and Jurisdiction: Specification of UAE law as governing law and jurisdiction for disputes

9. Entire Agreement: Integration clause confirming agreement represents complete understanding between parties

10. Execution: Signature blocks and execution requirements

Optional Sections

1. Confidentiality: Required when the release involves confidential information or trade secrets

2. Survival: Needed when certain obligations should survive the release

3. Future Cooperation: Include when parties need to cooperate on related matters after the release

4. Non-Admission of Liability: Optional clause stating the release does not constitute admission of liability

5. Severability: Include for longer agreements to ensure partial invalidity doesn't void entire agreement

6. Assignment: Required when transfer of rights needs to be addressed

7. Third Party Rights: Include when release affects rights of third parties

8. Notices: Required for complex agreements where formal communications may be needed

Suggested Schedules

1. Schedule 1 - Released Claims: Detailed description of specific claims, rights, and causes of action being released

2. Schedule 2 - Indemnified Matters: Specific listing of matters covered by indemnification obligations

3. Schedule 3 - Release Payment Details: Details of any consideration or payment terms, if applicable

4. Appendix A - Related Agreements: List of any related agreements affected by or referenced in the release

5. Appendix B - Supporting Documents: Copies of relevant documents evidencing claims or matters being released

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

Construction

Real Estate

Financial Services

Manufacturing

Oil & Gas

Technology

Healthcare

Transportation & Logistics

Professional Services

Insurance

Retail & Consumer Goods

Energy & Utilities

Relevant Teams

Legal

Risk Management

Compliance

Executive Leadership

Finance

Operations

Business Development

Project Management

Insurance

Corporate Governance

Claims Management

Relevant Roles

Legal Counsel

Chief Legal Officer

Risk Manager

Compliance Officer

Chief Executive Officer

Chief Financial Officer

Contract Manager

Business Development Manager

Project Manager

Operations Director

General Manager

Corporate Secretary

Claims Manager

Insurance Manager

Settlement Officer

Industries
UAE Federal Law No. 5 of 1985 (Civil Code): The primary legislation governing contracts, civil transactions, and obligations in the UAE. Particularly relevant articles include those dealing with contract formation, validity, and enforcement.
UAE Civil Code Articles 472-475: Specific provisions governing the discharge of obligations, including release and settlements between parties.
UAE Civil Code Articles 1025-1055: Articles governing indemnification and compensation principles in civil transactions.
UAE Federal Law No. 18 of 1993 (Commercial Transactions Law): Relevant if the agreement is between commercial entities, particularly provisions relating to commercial obligations and guarantees.
UAE Civil Code Articles 186-189: Provisions relating to public policy and limitations on contractual arrangements, including restrictions on liability exclusions that may be contrary to public order.
UAE Civil Code Articles 246-252: General provisions on contract performance and good faith obligations that must be considered in release and indemnity arrangements.
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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