Withdrawal Of Notice Of Termination Commercial Contract Template for United Arab Emirates

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Key Requirements PROMPT example:

Withdrawal Of Notice Of Termination Commercial Contract

"I need a Withdrawal of Notice of Termination Commercial Contract for my UAE-based manufacturing company to withdraw our termination notice dated January 15, 2025, as we've reached a new agreement with our key supplier and want to continue our original supply contract with some minor modifications."

Document background
The Withdrawal Of Notice Of Termination Commercial Contract is a crucial document used in UAE business operations when parties wish to reverse a previously issued contract termination notice. This document type is particularly relevant in situations where business relationships need to be preserved or where circumstances have changed since the initial termination notice was issued. It must comply with UAE Federal Laws, including the Civil Code and Commercial Transactions Law, and typically includes details of the original contract, the termination notice being withdrawn, and the terms of reinstatement. The document serves as a formal record of the parties' agreement to continue their commercial relationship under either the original or modified terms. It's commonly used in various commercial sectors and requires careful consideration of both legal and business implications.
Suggested Sections

1. Parties: Identification of all parties involved in the withdrawal agreement, including their full legal names, registration numbers, and registered addresses

2. Background: Recitals detailing the original contract, the termination notice, and the circumstances leading to this withdrawal

3. Definitions: Key terms used in the withdrawal agreement, including references to the Original Contract, Termination Notice, and Effective Date of withdrawal

4. Withdrawal Declaration: Clear and unequivocal statement of the withdrawal of the termination notice

5. Effect of Withdrawal: Statement confirming the reinstatement of the original contract and its continued validity

6. Confirmation of Original Terms: Affirmation that all terms and conditions of the original contract remain in full force and effect

7. Governing Law and Jurisdiction: Confirmation that UAE law governs the withdrawal agreement and specification of jurisdiction for disputes

8. Execution: Signature blocks for all parties and execution requirements

Optional Sections

1. Modified Terms: Used when the withdrawal includes any modifications to the original contract terms

2. Conditions Precedent: Include if there are any conditions that must be met before the withdrawal takes effect

3. Waiver of Claims: Optional mutual release of claims related to the termination notice

4. Costs and Expenses: Include if there are any costs associated with the withdrawal that need to be allocated between parties

5. Confidentiality: Include if the withdrawal and its terms need to remain confidential

6. Third Party Rights: Include if the withdrawal affects any third party rights or obligations

Suggested Schedules

1. Original Contract: Copy of the original commercial contract being reinstated

2. Termination Notice: Copy of the termination notice being withdrawn

3. Modified Terms Schedule: If applicable, detailed list of any modifications to the original contract terms

4. Corporate Authorizations: Copies of relevant board resolutions or powers of attorney authorizing the withdrawal

5. Payment Schedule: If applicable, schedule of any payments or financial adjustments related to the withdrawal

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

Relevant Industries

Manufacturing

Construction

Real Estate

Retail

Technology

Financial Services

Energy

Transportation & Logistics

Healthcare

Professional Services

Telecommunications

Import/Export

Hospitality

Relevant Teams

Legal

Commercial

Operations

Finance

Procurement

Risk & Compliance

Business Development

Executive Leadership

Contract Administration

Corporate Governance

Relevant Roles

Chief Executive Officer

Managing Director

Commercial Director

Legal Counsel

Contract Manager

Business Development Manager

Operations Director

Chief Financial Officer

Procurement Manager

Risk Manager

Compliance Officer

Project Manager

General Manager

Company Secretary

Legal Director

Industries
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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