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Business Release Form for United Arab Emirates

Business Release Form Template for United Arab Emirates

A comprehensive legal document governed by UAE law that formally releases one party from certain obligations, claims, or liabilities in relation to another party in a business context. The document complies with UAE Federal Law No. 5 of 1985 (Civil Code) and UAE Federal Law No. 18 of 1993 (Commercial Transactions Law), incorporating both English and Arabic versions as required by UAE legislation. It includes specific provisions for the scope of release, consideration, representations and warranties, and ensures enforceability under UAE jurisdiction while protecting the interests of all parties involved.

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Business Release Form

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What is a Business Release Form?

The Business Release Form is a critical legal instrument used in the United Arab Emirates when businesses need to formally discharge obligations, settle disputes, or conclude commercial relationships. This document is particularly relevant in scenarios such as concluding business partnerships, settling commercial disputes, terminating distribution agreements, or releasing parties from contractual obligations. The form must comply with UAE Federal laws, including the Civil Code and Commercial Transactions Law, and typically requires both English and Arabic versions. It serves to protect all parties by clearly defining the scope of release, any consideration involved, and ensuring that the release is binding and enforceable under UAE law. The document is especially important in the UAE's business environment, where clear documentation of commercial arrangements is essential for legal certainty and dispute prevention.

What sections should be included in a Business Release Form?

1. Parties: Identification of all parties involved, including full legal names, addresses, and registration details

2. Background: Context of the business relationship and reason for the release

3. Definitions: Key terms used throughout the document

4. Scope of Release: Detailed description of what claims, rights, or obligations are being released

5. Consideration: Details of any payment or value exchanged for the release

6. Representations and Warranties: Statements of fact and promises made by each party

7. Confidentiality: Obligations regarding confidential information

8. Release Effect: The legal effect and timing of the release

9. Governing Law and Jurisdiction: Specification of UAE law as governing law and relevant courts

10. Language: Specification of English and Arabic versions and which prevails

11. Execution: Signature blocks and execution requirements

What sections are optional to include in a Business Release Form?

1. Non-Disparagement: Mutual agreements not to make negative statements about each other, used in sensitive business separations

2. Return of Property: Provisions for returning business assets or documents, used when physical or intellectual property needs to be returned

3. Future Cooperation: Terms for any ongoing obligations or cooperation, used when parties need to maintain some form of relationship

4. Tax Implications: Address tax consequences of the release, used when significant financial considerations are involved

5. Insurance Claims: Handling of insurance-related matters, used when insurance policies are relevant to the release

6. Third Party Rights: Addressing rights of third parties, used when the release might affect other parties' rights

What schedules should be included in a Business Release Form?

1. Schedule 1 - Released Claims: Detailed list of specific claims, rights, or obligations being released

2. Schedule 2 - Payment Terms: Detailed breakdown of any financial consideration and payment schedule

3. Schedule 3 - Related Agreements: List of any related agreements affected by or relevant to the release

4. Appendix A - Required Documents: List of documents to be exchanged or executed as part of the release

5. Appendix B - Company Information: Detailed company information and registration details for all parties

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Cost

Free to use
Relevant legal definitions





























Clauses


























Relevant Industries

Manufacturing

Trading

Professional Services

Real Estate

Technology

Financial Services

Retail

Construction

Healthcare

Logistics

Hospitality

Energy

Media and Entertainment

Telecommunications

Relevant Teams

Legal

Corporate Affairs

Commercial Operations

Business Development

Finance

Risk Management

Compliance

Corporate Governance

Operations

Executive Leadership

Relevant Roles

Chief Executive Officer

Managing Director

Legal Counsel

Business Development Manager

Commercial Director

Contracts Manager

Chief Financial Officer

Operations Director

Company Secretary

Risk Manager

Compliance Officer

Partnership Manager

General Manager

Corporate Affairs 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, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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