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Termination Of Consultancy Agreement Template
"I need a Termination Of Consultancy Agreement Template for ending an IT consultancy agreement with a Dubai-based software development firm that has been providing services for 2 years, ensuring all source code and documentation are properly transferred and maintaining confidentiality of client data."
1. Parties: Identification of the company and consultant, including full legal names, addresses, and registration details if applicable
2. Background: Reference to the original consultancy agreement, its date, and brief description of the circumstances leading to termination
3. Definitions: Key terms used in the agreement, including defined terms from the original agreement that remain relevant
4. Termination Date: Clear specification of when the consultancy agreement will terminate
5. Final Payments: Details of any outstanding fees, expenses, or other payments due to the consultant
6. Handover of Work: Process and timeline for transferring ongoing work, documents, and materials
7. Return of Property: Requirements for returning company property, equipment, access cards, and documents
8. Confidentiality: Confirmation that confidentiality obligations survive termination and specific requirements
9. Intellectual Property: Confirmation of ownership of work product and transfer of any pending IP rights
10. Release and Waiver: Mutual release from claims and obligations, subject to specified exceptions
11. Surviving Provisions: Identification of original agreement provisions that survive termination
12. Governing Law and Jurisdiction: Confirmation of UAE law application and jurisdiction for disputes
1. Transition Services: Required when the consultant needs to provide specific handover or transition support
2. Non-Compete and Non-Solicitation: Include when there are post-termination restrictions on the consultant's activities
3. Reference and Announcements: Include when parties need to agree on public statements about the termination
4. Tax Provisions: Required when dealing with international consultants or tax-specific implications
5. Dispute Resolution: Include when parties want to specify mediation or arbitration procedures
6. Amendment to Survival Provisions: Include when modifying which provisions of the original agreement survive
1. Schedule 1 - Original Agreement: Copy or reference to the original consultancy agreement being terminated
2. Schedule 2 - Final Payment Calculation: Detailed breakdown of final payments, including any pro-rata calculations
3. Schedule 3 - Handover Checklist: List of items, documents, and tasks to be handed over or completed
4. Schedule 4 - Company Property: Inventory of company property to be returned
5. Appendix A - Release Form: Form for mutual release of claims if required as a separate signed document
6. Appendix B - Confidential Information: List of specific confidential information and handling requirements
Authors
Original Consultancy Agreement
Business Day
Confidential Information
Consultant
Company
Effective Date
Final Payment
Handover Period
Intellectual Property Rights
Outstanding Fees
Parties
Project Materials
Release Date
Services
Termination Date
Transition Period
Company Property
Surviving Provisions
Work Product
Governing Law
Jurisdiction
Dispute
Force Majeure
Licensed Materials
Outstanding Deliverables
Representatives
Settlement Sum
Termination Notice
Working Hours
Termination
Final Payment
Settlement
Release and Waiver
Handover
Return of Property
Confidentiality
Intellectual Property
Non-Compete
Non-Solicitation
Transition Services
Final Accounts
Mutual Release
Surviving Provisions
Further Assurance
Notices
Assignment
Severability
Entire Agreement
Amendment
Force Majeure
Governing Law
Jurisdiction
Dispute Resolution
Costs
Third Party Rights
Counterparts
Language
Announcements
Professional Services
Information Technology
Financial Services
Real Estate Development
Construction
Healthcare
Education
Oil & Gas
Renewable Energy
Manufacturing
Retail
Hospitality
Telecommunications
Management Consulting
Engineering
Legal
Human Resources
Executive Leadership
Finance
Procurement
Operations
Commercial
Administration
Compliance
Project Management
Legal Counsel
HR Director
Chief Executive Officer
Chief Financial Officer
Procurement Manager
Project Manager
Operations Director
Commercial Director
General Manager
Managing Director
Contracts Manager
Business Development Manager
Department Head
Compliance Officer
Company Secretary
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