Settlement Waiver And Release Agreement Template for United Arab Emirates

1. Non-Disparagement: Mutual obligations not to make negative statements about other parties - particularly relevant in high-profile or employment-related settlements

2. Return of Property: Requirements for return of any physical or intellectual property - relevant when settlement involves former employees or business relationships

3. Cooperation: Obligations to cooperate in implementing the settlement or in related matters - useful in complex settlements requiring ongoing actions

4. Tax Implications: Allocation of tax responsibilities and acknowledgments regarding tax consequences - important for significant settlement amounts

5. Future Claims: Specific provisions regarding potential future claims that may arise - relevant in complex commercial disputes

6. Non-Competition/Non-Solicitation: Restrictions on future business activities - relevant in employment or business relationship settlements

7. Insurance Matters: Provisions relating to insurance claims or coverage - relevant when insurance is involved in the settlement

8. Sharia Compliance: Specific provisions ensuring compliance with Sharia principles - relevant for Islamic financial institutions or when specifically required

1. Schedule 1 - Settlement Payment Details: Detailed breakdown of settlement amounts, payment schedule, and banking information

2. Schedule 2 - Released Claims: Comprehensive list of specific claims being released through the settlement

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

4. Schedule 4 - Required Actions: Detailed list of specific actions required by each party to implement the settlement

5. Appendix A - Form of Release: Standard form of release to be signed by relevant parties or third parties

6. Appendix B - Form of Announcement: Agreed form of any public announcement regarding the settlement if applicable