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The Settlement Agreement Between Employee And Employer is a crucial document used in the UAE when an employment relationship is terminated by mutual agreement or when resolving employment-related disputes. It operates within the framework of UAE Federal Decree-Law No. 33 of 2021 and must comply with local employment regulations, including specific requirements for mainland UAE, DIFC, or ADGM jurisdictions. The agreement typically includes comprehensive details about settlement payments, end-of-service benefits, release of claims, confidentiality obligations, and other relevant terms. It serves as a legally binding document that provides certainty and closure for both parties while protecting their respective interests and ensuring compliance with UAE labor laws. This type of agreement is particularly important in the UAE context where employment relationships are heavily regulated and proper documentation of separation terms is essential for both legal compliance and visa-related matters.

1. Parties: Identification of the employer and employee, including full legal names, addresses, and relevant identification numbers

2. Background: Brief history of employment relationship, including start date, position, and circumstances leading to settlement

3. Definitions: Definitions of key terms used throughout the agreement

4. Settlement Amount: Detailed breakdown of the settlement payment, including basic settlement sum, end of service gratuity, and other entitlements

5. Payment Terms: Timeline and method of settlement payment, including bank details and payment schedule if applicable

6. Tax and Deductions: Statement regarding any applicable tax implications or deductions from the settlement amount

7. Full and Final Settlement: Confirmation that the settlement amount represents full and final settlement of all claims

8. Waiver and Release: Employee's waiver of all claims against the employer and associated entities

9. Company Property: Requirements for return of company property and confirmation of returned items

10. Confidentiality: Obligations regarding confidentiality of the settlement terms and company information

11. Non-Disparagement: Mutual obligations not to make derogatory statements about each other

12. Governing Law and Jurisdiction: Specification of UAE law as governing law and relevant courts' jurisdiction

13. Entire Agreement: Confirmation that this document represents the entire agreement between parties

14. Execution: Signature blocks and execution requirements