The Extrajudicial Agreement is a vital legal instrument used in the United Arab Emirates when parties wish to resolve disputes or establish binding obligations without resorting to formal court proceedings. This document type is particularly relevant in commercial, civil, and personal matters where parties seek a more efficient, confidential, and cost-effective resolution process. The agreement must comply with UAE Federal Laws, including the Civil Code (Federal Law No. 5 of 1985) and relevant commercial regulations. It typically includes detailed settlement terms, payment schedules, mutual releases, and enforcement mechanisms. The document is commonly used in various scenarios including commercial disputes, employment matters, property settlements, and debt restructuring, providing parties with a legally binding alternative to court litigation while maintaining compliance with UAE legal requirements and Sharia principles.
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1. Parties: Full legal identification of all parties including their legal capacity and authority
2. Background: Context of the dispute or situation leading to this extrajudicial agreement
3. Definitions: Clear definitions of key terms used throughout the agreement
4. Acknowledgment of Extrajudicial Nature: Express acknowledgment that this is a voluntary out-of-court settlement
5. Settlement Terms: Detailed description of the agreed settlement terms and obligations of each party
6. Payment Terms: Specific details of any financial settlements, including amounts, timing, and method of payment
7. Release and Waiver: Mutual release of claims and waiver of rights to future legal action
8. Confidentiality: Obligations regarding confidentiality of the agreement and its terms
9. Governing Law and Jurisdiction: Confirmation of UAE law as governing law and relevant jurisdiction
10. Execution: Signature requirements and execution formalities
1. Non-Admission of Liability: Optional clause stating that the agreement does not constitute admission of liability by any party
2. Alternative Dispute Resolution: Procedures for resolving any future disputes through mediation or arbitration
3. Representations and Warranties: Additional statements of fact or promises made by the parties
4. Force Majeure: Provisions for unforeseen circumstances preventing performance
5. Assignment: Rights and restrictions regarding transfer of rights under the agreement
6. Severability: Provision for maintaining validity if certain clauses are found unenforceable
7. Notices: Procedures for formal communications between parties
8. Costs: Allocation of legal and other costs related to the agreement
1. Schedule 1 - Settlement Payment Schedule: Detailed breakdown of payment amounts, dates, and methods
2. Schedule 2 - Released Claims: Comprehensive list of claims being settled and released
3. Schedule 3 - Required Actions: Specific actions to be taken by parties as part of the settlement
4. Appendix A - Supporting Documents: Copies of relevant documents referenced in the agreement
5. Appendix B - Power of Attorney: If applicable, authorization documents for representatives
6. Appendix C - Execution Formalities: Requirements for proper execution under UAE law
Relevant legal definitions
Agreement
Business Day
Confidential Information
Dispute
Effective Date
Governing Law
Settlement Amount
Settlement Payment
Party
Parties
Release
Settlement Terms
UAE
Claim
Execution Date
Representatives
Settlement Obligations
Breach
Force Majeure Event
Notice
Payment Date
Authorized Signatory
Default
Liability
Losses
Material Breach
Mediator
Outstanding Amount
Release Date
Settlement Period
Working Hours
Business Day
Confidential Information
Dispute
Effective Date
Governing Law
Settlement Amount
Settlement Payment
Party
Parties
Release
Settlement Terms
UAE
Claim
Execution Date
Representatives
Settlement Obligations
Breach
Force Majeure Event
Notice
Payment Date
Authorized Signatory
Default
Liability
Losses
Material Breach
Mediator
Outstanding Amount
Release Date
Settlement Period
Working Hours
Clauses
Parties Identification
Recitals
Definitions
Settlement Terms
Payment Obligations
Release and Discharge
Confidentiality
Non-Admission of Liability
Representations and Warranties
Implementation
Further Assurance
Waiver
Severability
Assignment
Force Majeure
Notices
Costs
Governing Law
Dispute Resolution
Entire Agreement
Amendment
Third Party Rights
Language
Counterparts
Authority
Time of Essence
Legal Compliance
Indemnification
Term and Termination
Execution
Recitals
Definitions
Settlement Terms
Payment Obligations
Release and Discharge
Confidentiality
Non-Admission of Liability
Representations and Warranties
Implementation
Further Assurance
Waiver
Severability
Assignment
Force Majeure
Notices
Costs
Governing Law
Dispute Resolution
Entire Agreement
Amendment
Third Party Rights
Language
Counterparts
Authority
Time of Essence
Legal Compliance
Indemnification
Term and Termination
Execution
Relevant Industries
Banking and Financial Services
Real Estate and Construction
Manufacturing
Retail and Commerce
Professional Services
Healthcare
Technology and Communications
Energy and Resources
Transportation and Logistics
Insurance
Relevant Teams
Legal
Compliance
Risk Management
Corporate Affairs
Human Resources
Finance
Operations
Executive Leadership
Commercial
Business Development
Relevant Roles
Legal Counsel
Corporate Attorney
Compliance Officer
Risk Manager
Chief Legal Officer
Dispute Resolution Manager
Settlement Officer
Contract Manager
Business Development Manager
Chief Executive Officer
Chief Financial Officer
Human Resources Director
Company Secretary
Operations Manager
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