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Release Of All Claims

Release Of All Claims Template for United Arab Emirates

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Key Requirements PROMPT example:

Release Of All Claims

"I need a Release of All Claims agreement under UAE law for settling a construction dispute between my company (ABC Contractors LLC) and a developer (XYZ Development PJSC), including the release of all claims related to project delays and cost overruns for Project Marina Heights, with settlement payment to be completed by March 15, 2025."

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Document background
The Release Of All Claims document is a critical legal instrument used in the United Arab Emirates when parties wish to achieve a complete and final settlement of all existing and potential future claims between them. This document is particularly relevant in situations involving dispute resolution, settlement of commercial disagreements, employment terminations, or accident claims. Governed by UAE law, particularly the UAE Civil Code and related regulations, it provides a comprehensive framework for documenting the terms of settlement, consideration provided, and the scope of claims being released. The document must be carefully drafted to ensure enforceability under UAE law, which has specific requirements regarding the formation and execution of settlement agreements. It is commonly used in both corporate and individual contexts, offering protection against future litigation while providing certainty and closure for all involved parties.
Suggested Sections

1. Parties: Identification of all parties involved in the release, including full legal names and addresses

2. Background: Context of the dispute or circumstances leading to the release

3. Definitions: Clear definitions of key terms used in the agreement, including 'Claims', 'Effective Date', and any specific terms relevant to the release

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

5. Release: Comprehensive description of claims being released, including known and unknown claims

6. Representations and Warranties: Statements by both parties regarding their authority to enter into the agreement and understanding of its terms

7. Governing Law and Jurisdiction: Specification of UAE law as governing law and relevant courts for dispute resolution

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

Optional Sections

1. Confidentiality: Terms regarding confidentiality of the release and underlying dispute - include when sensitive information is involved

2. Non-Disparagement: Provisions preventing parties from making negative statements about each other - useful in high-profile or employment-related releases

3. Return of Property: Requirements for returning any property or documents - relevant when physical or intellectual property is involved

4. Tax Implications: Addressing responsibility for any tax consequences - important for high-value settlements

5. No Admission of Liability: Statement that the release does not constitute admission of wrongdoing - useful in disputed matters

6. Future Cooperation: Terms regarding future cooperation between parties - relevant for ongoing business relationships

7. Severability: Provision ensuring survival of agreement if certain parts are found invalid - important for complex releases

Suggested Schedules

1. Schedule of Released Claims: Detailed list of specific claims being released

2. Schedule of Consideration: Breakdown of any payment or consideration, including payment terms and conditions

3. Schedule of Related Proceedings: List of any legal proceedings being terminated by the release

4. Schedule of Released Parties: Comprehensive list of all parties benefiting from the release, including affiliated entities

5. Schedule of Excluded Claims: List of any specific claims explicitly excluded from the release

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 legal definitions
Agreement
Affiliated Entities
Business Day
Claims
Confidential Information
Consideration
Dispute
Effective Date
Excluded Claims
Known Claims
Legal Proceedings
Losses
Party/Parties
Related Persons
Release
Released Claims
Released Matters
Released Parties
Releasing Parties
Settlement Amount
Settlement Date
Subject Matter
Unknown Claims
Working Day
Claim Period
Governmental Authority
Liability
Material Adverse Effect
Representatives
Signing Date
Transaction Documents
UAE
Warranties
Relevant Industries

Financial Services

Real Estate

Construction

Healthcare

Technology

Manufacturing

Retail

Energy

Transportation

Professional Services

Education

Hospitality

Insurance

Maritime

Aviation

Relevant Teams

Legal

Compliance

Human Resources

Risk Management

Finance

Operations

Corporate Affairs

Business Development

Claims Processing

Dispute Resolution

Executive Leadership

Relevant Roles

Legal Counsel

Chief Legal Officer

Risk Manager

Compliance Officer

Human Resources Director

Chief Executive Officer

Chief Financial Officer

Claims Manager

Settlement Officer

Corporate Secretary

Business Development Manager

Contract Manager

Operations Director

Project Manager

General Manager

Industries
UAE Federal Law No. 5 of 1985 (Civil Code): Primary legislation governing contracts, civil transactions, and obligations. Articles 1092-1132 specifically deal with settlements and releases.
UAE Federal Law No. 18 of 1993 (Commercial Transactions Law): Relevant when the release involves commercial transactions or business relationships, particularly regarding settlement of commercial disputes.
UAE Federal Law No. 28 of 2005 (Personal Status Law): Contains provisions regarding legal capacity to enter into settlements and releases, particularly important when dealing with individuals.
UAE Federal Law No. 6 of 2018 (Arbitration Law): Relevant if the release is part of an arbitration settlement or includes provisions waiving rights to arbitration.
UAE Federal Law No. 11 of 1992 (Civil Procedure Code): Contains provisions regarding the enforcement of settlements and releases, as well as limitation periods for claims.
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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