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1. Parties: Identification of all parties to the termination agreement, including their full legal names, addresses, and registration details as per UAE requirements
2. Background: References to the original contract being terminated, including its date, purpose, and any relevant amendments or variations
3. Definitions: Key terms used in the termination agreement, including defined terms from the original contract that remain relevant
4. Termination Date: Clear specification of when the termination takes effect, including any notice periods required under UAE law
5. Grounds for Termination: Specific reasons for termination, whether mutual agreement or pursuant to specific contract provisions or UAE law
6. Outstanding Obligations: Details of any remaining obligations, payments, or deliverables that must be fulfilled before or after termination
7. Settlement Terms: Financial and operational arrangements for settling accounts and obligations between the parties
8. Return of Property: Requirements for returning any physical or intellectual property, documents, or materials
9. Confidentiality: Ongoing obligations regarding confidential information post-termination
10. Release and Waiver: Mutual release of claims and liabilities, subject to UAE law requirements
11. Governing Law and Jurisdiction: Confirmation of UAE law as governing law and specification of jurisdiction for disputes
1. Transition Arrangements: Used when there needs to be a handover period or transition of services/products to another provider
2. Non-Compete and Non-Solicitation: Include when post-termination restrictions are necessary and enforceable under UAE law
3. Public Announcements: Include for high-profile contracts where public communications about the termination need to be coordinated
4. Survival Clauses: Used to specify which provisions of the original contract survive termination
5. Third Party Rights: Include when termination affects rights or obligations of third parties
6. Insurance and Indemnities: Used when specific risks need to be addressed post-termination
7. Dispute Resolution: Include detailed alternative dispute resolution procedures when parties prefer specific mechanisms beyond court jurisdiction
1. Schedule 1 - Original Contract: Copy or summary of the original contract being terminated
2. Schedule 2 - Settlement Statement: Detailed breakdown of final payments, credits, or debits between parties
3. Schedule 3 - Handover Schedule: Timeline and checklist for the return or transfer of assets, documents, and responsibilities
4. Schedule 4 - Outstanding Matters: List of pending items, obligations, or issues to be resolved
5. Appendix A - Required Notices: Copies of formal notices or communications required for termination
6. Appendix B - Release Documentation: Forms or certificates confirming mutual release of obligations
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