The Acknowledgement Receipt Of Final Payment is a crucial document used in the United Arab Emirates business environment to formally conclude financial obligations under a contract or project. It serves multiple purposes: documenting the receipt of final payment, releasing the paying party from further financial obligations, and providing legal evidence of settlement. This document is particularly important in the UAE context, where formal documentation of payment completion is essential for legal and business purposes. It should be prepared in compliance with UAE Federal Law No. 5 of 1985 (Civil Code) and related commercial regulations. The document typically includes comprehensive payment details, contract references, release clauses, and must be signed by authorized representatives. It's commonly used in construction projects, service contracts, and commercial transactions where a formal closure of financial obligations is required.

1. Header Information: Date, reference number, and formal letterhead details of the receiving party

2. Recipient Details: Full name and address of the paying party

3. Payment Details: Specific amount received, payment method, date of receipt, and any reference numbers

4. Project/Contract Reference: Details of the underlying contract or project for which the payment is being made

5. Confirmation Statement: Clear statement confirming receipt of final payment and that the amount represents full and final settlement

6. Release Statement: Statement releasing the paying party from any further financial obligations related to the specified contract/project

7. Authorization: Name, title, and signature of authorized person acknowledging receipt