The Acknowledgement Of Cancellation Letter is a crucial document used in the UAE business environment when parties need to formally recognize and document the termination of a contractual relationship. This document is particularly important in the UAE context, where formal documentation of business transactions is highly valued and often legally required. It serves multiple purposes: confirming receipt of a cancellation request, documenting the agreed termination terms, specifying the effective date of cancellation, and outlining any final obligations or settlements. The document must comply with UAE Federal Laws, including the Civil Code and Commercial Transactions Law, and should be drafted in a way that provides clear evidence of the parties' agreement to end their contractual relationship. It's commonly used in various business scenarios, from service contracts to employment agreements, and helps prevent future disputes by clearly documenting the terms of the cancellation.

1. Letter Header: Including date, sender's details, recipient's details, and reference numbers

2. Subject Line: Clear identification of the document as an Acknowledgement of Cancellation Letter with reference to the original agreement

3. Opening Statement: Formal acknowledgment of receipt of cancellation request and reference to original contract

4. Cancellation Details: Specific details about the agreement being cancelled, including original contract date and effective date of cancellation

5. Mutual Release Statement: Confirmation that both parties are released from their obligations under the original agreement

6. Final Settlement Terms: Statement regarding any final payments, refunds, or financial settlements

7. Closing Statement: Professional closure confirming mutual understanding and acceptance of the cancellation

8. Signature Block: Space for authorized signatures, names, and titles of both parties