Release Of Claims Form for United Arab Emirates

Release Of Claims Form Template for United Arab Emirates

A comprehensive legal document governed by UAE law that formally releases one party from claims, demands, or legal obligations by another party. This document, structured in accordance with UAE Civil Code requirements, serves as a binding agreement where the releasing party surrenders their right to pursue specified legal claims in exchange for agreed consideration. The document incorporates specific provisions required under UAE legislation, including compliance with Sharia principles, and typically includes detailed descriptions of the released claims, consideration provided, and representations about the parties' authority to enter into the agreement.

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What is a Release Of Claims Form?

The Release Of Claims Form is a crucial legal document used in the United Arab Emirates when parties wish to formally settle disputes or potential claims and provide a legal release from liability. This document is commonly used in various contexts, including employment terminations, commercial dispute resolutions, insurance settlements, and corporate transactions. The form must comply with UAE Civil Code requirements and should be drafted in both Arabic and English to ensure enforceability in UAE courts. It typically includes specific details about the claims being released, the consideration provided, and necessary legal declarations required under UAE law. The document 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.

What sections should be included in a Release Of Claims Form?

1. Parties: Identification of the Releasor (party giving up claims) and Releasee (party being released), including full legal names and addresses

2. Background: Brief description of the dispute or circumstances leading to the release, including relevant dates and events

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

4. Consideration: Statement of the consideration being provided in exchange for the release

5. Release: Detailed description of the claims being released, including specific language required under UAE law

6. Representations and Warranties: Statements by the Releasor regarding their authority to give the release and understanding of its implications

7. Governing Law and Jurisdiction: Specification of UAE law as governing law and selection of appropriate Emirates court

8. Execution: Signature blocks with requirements for proper execution under UAE law

What sections are optional to include in a Release Of Claims Form?

1. Confidentiality: Optional provisions regarding confidentiality of the settlement terms and underlying dispute

2. Non-Disparagement: Optional clause preventing parties from making negative statements about each other

3. Future Claims: Optional clause addressing treatment of future or unknown claims

4. Return of Property: Optional section regarding return of any relevant documents or property

5. Cooperation: Optional provisions regarding future cooperation between parties if needed

6. No Admission: Optional clause stating that the release does not constitute admission of liability

What schedules should be included in a Release Of Claims Form?

1. Schedule 1 - Specific Claims: Detailed list of specific claims being released

2. Schedule 2 - Settlement Payment Details: Details of any settlement payment including amount, method, and timing

3. Schedule 3 - Related Parties: List of affiliated parties also covered by the release

4. Appendix A - Supporting Documents: Copies of relevant documents referenced in the release

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

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Free to use

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What is a Release Of Claims Form?

What sections should be included in a Release Of Claims Form?

What sections are optional to include in a Release Of Claims Form?

What schedules should be included in a Release Of Claims Form?

Authors

Alex Denne

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