The Receipt And Release Form is a crucial legal document used in the United Arab Emirates when parties wish to formally conclude a matter or settle a dispute while providing legal certainty to all involved. This document serves two primary purposes: first, it acknowledges the receipt of agreed-upon consideration, and second, it releases specified parties from future claims or liabilities related to particular matters. Commonly used in settlement agreements, employment terminations, insurance claims, and business transactions, this document must comply with UAE Civil Code requirements and other relevant federal laws. The form is particularly important in the UAE business environment, where formal documentation of settlements and releases is essential for legal certainty and compliance with local regulations.

1. Parties: Full legal names and details of all parties involved, including the releasing party and the released party

2. Background: Brief context of the relationship between parties and the circumstances leading to this release

3. Definitions: Key terms used in the document, including 'Released Claims', 'Effective Date', and any specific terms relevant to the release

4. Receipt Acknowledgment: Confirmation of receipt of the consideration amount or benefit, with specific details of what has been received

5. Release Provisions: Detailed description of claims, rights, and obligations being released, including scope and extent of the release

6. Representations and Warranties: Basic statements about the parties' authority to enter into the agreement and understanding of its implications

7. Governing Law and Jurisdiction: Specification of UAE law as governing law and relevant courts for dispute resolution

8. Execution: Signature blocks and execution requirements compliant with UAE law