tiktok成人版

All Countries
Employment
Contract Cancellation Agreement

Contract Cancellation Agreement Template for Saudi Arabia

Create a bespoke document in minutes, 聽or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Contract Cancellation Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership聽of your information

Key Requirements PROMPT example:

Contract Cancellation Agreement

"I need a Contract Cancellation Agreement for a commercial lease between my retail company and a shopping mall owner in Riyadh, with the cancellation to take effect from March 1, 2025, including provisions for the return of the leased space and settlement of remaining rent payments."

Celebrated by
Collaborations with
Investors
Document background
The Contract Cancellation Agreement is a crucial legal document used when parties mutually agree to terminate their existing contractual relationship under Saudi Arabian law. This document becomes necessary when business relationships need to be formally concluded, whether due to completed objectives, changed circumstances, or mutual agreement to end the arrangement. The agreement must comply with Saudi civil law and Sharia principles, requiring specific attention to mutual consent, fair settlement terms, and proper documentation. It typically includes detailed provisions for financial settlements, property returns, and ongoing obligations, while ensuring all terms are compliant with local legal requirements and Islamic principles. The document is particularly important in the Saudi business context, where formal documentation of contract termination is essential for legal certainty and future business relationships.
Suggested Sections

1. Parties: Identification of all parties to the original contract and this cancellation agreement

2. Background: Details of the original contract, including date, purpose, and reason for cancellation

3. Definitions: Key terms used in the cancellation agreement

4. Mutual Agreement to Cancel: Express statement of mutual consent to terminate the original contract

5. Effective Date of Cancellation: Specific date when the cancellation takes effect

6. Settlement of Accounts: Resolution of any outstanding payments, obligations, or liabilities

7. Return of Property: Provisions for returning any property, documents, or materials

8. Mutual Release: Release of claims and obligations between parties

9. Confidentiality: Ongoing obligations regarding confidential information

10. Governing Law: Confirmation of Saudi law and Sharia principles governing the cancellation

11. Execution: Signature requirements and formal execution provisions

Optional Sections

1. Surviving Obligations: List of any obligations that continue after cancellation - include if there are specific terms that should survive

2. Third Party Rights: Addressing rights of third parties affected by the cancellation - include if third parties are involved

3. Dispute Resolution: Specific dispute resolution mechanisms - include for complex cancellations or high-value contracts

4. Tax Implications: Handling of tax-related matters - include if there are significant tax consequences

5. Employee Matters: Provisions regarding employees - include if employment relationships are affected

6. Intellectual Property Rights: Handling of IP rights post-cancellation - include if IP was involved in original contract

Suggested Schedules

1. Schedule 1 - Original Contract: Copy of the original contract being cancelled

2. Schedule 2 - Settlement Statement: Detailed breakdown of financial settlements and payments

3. Schedule 3 - Property Inventory: List of properties or items to be returned

4. Schedule 4 - Outstanding Obligations: List of any surviving obligations or ongoing responsibilities

5. Appendix A - Required Authorizations: Copies of any required corporate or regulatory authorizations for cancellation

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

alex.den.21@genieai.co
Relevant legal definitions


































Clauses






























Relevant Industries

Construction

Real Estate

Manufacturing

Technology

Professional Services

Retail

Healthcare

Education

Financial Services

Energy

Transportation

Telecommunications

Hospitality

Industrial

Agricultural

Relevant Teams

Legal

Contracts

Operations

Finance

Procurement

Compliance

Risk Management

Corporate Affairs

Business Development

Project Management

Relevant Roles

Legal Counsel

Contract Manager

Business Development Manager

Chief Executive Officer

Chief Financial Officer

Operations Director

Project Manager

Procurement Manager

Commercial Director

Risk Manager

Compliance Officer

General Manager

Corporate Secretary

Legal Director

Business Unit Head

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

Find the exact document you need

Mutual Cancellation Agreement

A Sharia-compliant agreement under Saudi Arabian law for the mutual termination of an existing contractual relationship between parties.

find out more

Contract Cancellation Agreement

A Saudi law-compliant agreement for formal termination of an existing contract, incorporating civil law and Sharia requirements.

find out more

Loan Termination Agreement

A Saudi Arabian law-governed agreement that terminates an existing loan arrangement between lender and borrower, compliant with Sharia law and SAMA regulations.

find out more

Mutual Termination Of Contract

A Saudi Arabian law-compliant agreement for consensual termination of employment between employer and employee, including settlement terms and mutual releases.

find out more

Employee Exit Agreement

A Saudi law-governed agreement formalizing employment termination and settling all related obligations between employer and employee.

find out more

Lease Termination Agreement

A Saudi Arabian law-governed agreement that formally terminates a lease between landlord and tenant, settling all related obligations and arrangements.

find out more

Exit Agreement

A Saudi Arabia-governed Exit Agreement documenting employment termination terms and final settlements in compliance with Saudi Labor Law.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

骋别苍颈别鈥檚 Security Promise

Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; 骋别苍颈别鈥檚 AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a 拢1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.

Read our Privacy Policy.