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1. Parties: Identification of all parties to the original contract and this termination agreement
2. Background: Details of the original contract, its key terms, and the circumstances leading to this termination
3. Definitions: Definitions of key terms used in the termination agreement
4. Termination: Clear statement of mutual agreement to terminate and the effective date of termination
5. Settlement of Outstanding Obligations: Details of any pending payments, services, or deliverables that must be completed
6. Mutual Release: Release of parties from future obligations and mutual waiver of claims
7. Return of Property: Requirements for returning any physical or intellectual property
8. Confidentiality: Continuation of confidentiality obligations post-termination
9. Governing Law and Jurisdiction: Confirmation of UAE law application and jurisdiction
10. Execution: Signature blocks and execution requirements
1. Transition Arrangements: Used when there's a need for a handover period or transition of services
2. Surviving Provisions: Include when specific clauses from the original agreement need to survive termination
3. Non-Compete and Non-Solicitation: Include when post-termination restrictions are required
4. Tax Considerations: Include when there are tax implications that need to be addressed
5. Public Announcements: Include for high-profile contracts or when public disclosure needs to be managed
6. Employee Matters: Include when termination affects employment relationships
7. Insurance and Indemnification: Include when ongoing liability coverage or indemnification is necessary
8. Dispute Resolution: Include when specific dispute resolution mechanisms are needed beyond standard court jurisdiction
1. Schedule of Outstanding Payments: Detailed list of all pending financial obligations and payment terms
2. Schedule of Assets for Return: Inventory of physical or digital assets to be returned by each party
3. Schedule of Ongoing Obligations: List of any obligations that survive the termination
4. Schedule of Released Claims: Specific details of claims being mutually released
5. Transition Plan: Detailed timeline and responsibilities for any transition period
6. Contact Details: List of key contacts for post-termination matters
Original Contract
Effective Date
Termination Date
Parties
Outstanding Obligations
Confidential Information
Intellectual Property
Released Claims
Transition Period
Surviving Provisions
Settlement Amount
Company Property
Business Day
Force Majeure
Governing Law
Jurisdiction
Affiliate
Representatives
Dispute
Material Breach
Mutual Release
Related Parties
Settlement Payment
Territory
Working Hours
Termination Notice
Completion Certificate
Handover Process
Authorized Signatory
Mutual Release
Settlement of Accounts
Outstanding Obligations
Confidentiality
Return of Property
Intellectual Property Rights
Non-Compete
Non-Solicitation
Transition Arrangements
Payment Terms
Representations and Warranties
Indemnification
Dispute Resolution
Governing Law
Jurisdiction
Force Majeure
Notices
Entire Agreement
Amendment
Severability
Waiver
Assignment
Third Party Rights
Costs
Counterparts
Language
Compliance with Laws
Survival
Public Announcements
Real Estate & Construction
Technology & Software
Financial Services
Manufacturing
Retail & Consumer Goods
Healthcare & Pharmaceuticals
Energy & Utilities
Transportation & Logistics
Professional Services
Hospitality & Tourism
Media & Entertainment
Education
Telecommunications
Legal
Procurement
Operations
Commercial
Risk & Compliance
Finance
Business Development
Contract Administration
Project Management
Supply Chain
Legal Counsel
Contract Manager
Chief Legal Officer
Business Development Manager
Operations Director
Procurement Manager
Project Manager
Commercial Director
Risk Manager
Compliance Officer
General Manager
CEO
CFO
Supply Chain Manager
Account Manager
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