Termination Of Joint Venture Agreement Template for United Arab Emirates

1. Non-Compete Provisions: Restrictions on competition post-termination, if agreed between parties

2. Tax Matters: Specific provisions for handling tax liabilities and obligations, particularly relevant for international joint ventures

3. Transition Services: Arrangements for continued services during a transition period, if required

4. Customer/Supplier Contracts: Provisions for handling existing commercial relationships and contracts

5. Dispute Resolution Mechanism: Specific procedures for resolving disputes during the termination process

6. Force Majeure Effects: If termination is related to force majeure events, specific provisions handling consequential matters

7. Regulatory Compliance: Special provisions for regulatory compliance, particularly relevant for regulated industries or free zone entities

1. Schedule 1 - Asset Distribution Schedule: Detailed list of assets and their agreed distribution between parties

2. Schedule 2 - Settlement Statement: Financial statement showing final settlement figures and adjustments

3. Schedule 3 - Intellectual Property Assignment: Specific arrangements for IP transfer or licensing

4. Schedule 4 - Employee Transfer List: List of employees and their post-termination arrangements

5. Schedule 5 - Outstanding Obligations: List of ongoing obligations and their handling

6. Appendix A - Original Joint Venture Agreement: Copy of the original agreement being terminated

7. Appendix B - Board Resolutions: Relevant board resolutions approving the termination

8. Appendix C - Required Regulatory Approvals: Copies of any required regulatory or governmental approvals for the termination