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1. Parties: Identification of the creditor and debtor, including full legal names, addresses, and registration details if companies
2. Background: Recitals explaining the origin of the debt, its current status, and the parties' intention to release it
3. Definitions: Definitions of key terms used in the agreement, including 'Debt', 'Release Date', and any security or guarantee-related terms
4. Acknowledgment of Debt: Clear statement of the existing debt amount and its components (principal, interest, charges if any)
5. Release: Express statement of the creditor's release of the debt and the debtor's discharge from obligations
6. Effective Date: Specification of when the release becomes effective and any conditions precedent
7. Representations and Warranties: Statements by both parties confirming their authority to enter into the agreement and the accuracy of information provided
8. General Provisions: Standard clauses including governing law, jurisdiction, entire agreement, and amendments
9. Execution: Signature blocks and execution formalities compliant with UAE law
1. Partial Release: Used when only a portion of the debt is being released, specifying the released and retained amounts
2. Release of Security: Required when there are security interests or collateral to be released along with the debt
3. Release of Guarantors: Included when guarantors are involved and need to be released from their obligations
4. Conditions Subsequent: Any actions required after the release becomes effective
5. Confidentiality: Terms regarding the confidentiality of the release and its terms
6. Tax Implications: Statements regarding the tax treatment of the debt release and responsibility for any tax liabilities
7. Further Assurance: Obligation to execute additional documents or take further actions if needed to give effect to the release
1. Schedule 1 - Debt Details: Detailed breakdown of the debt being released, including principal, interest, and other charges
2. Schedule 2 - Original Debt Documentation: List and copies of the original debt agreements or instruments being released
3. Schedule 3 - Security Documents: List of security documents to be released or modified (if applicable)
4. Schedule 4 - Guarantee Documents: List of guarantee documents to be released or modified (if applicable)
5. Schedule 5 - Release Conditions: Detailed list of any conditions that must be satisfied for the release to take effect
6. Appendix A - Form of Release Notice: Template for any formal notices required to effect the release
Acknowledgment of Debt
Release
Consideration
Representations and Warranties
Conditions Precedent
Further Assurance
Confidentiality
Non-Reliance
Entire Agreement
Severability
Assignment
Notices
Amendment
Counterparts
Third Party Rights
Waiver
Costs
Governing Law
Jurisdiction
Language
Time of Essence
Banking & Financial Services
Real Estate
Construction
Manufacturing
Retail
Professional Services
Healthcare
Technology
Energy
Telecommunications
Transportation & Logistics
Hospitality
Education
Legal
Finance
Treasury
Credit Control
Risk Management
Compliance
Corporate Secretariat
Debt Recovery
Account Management
Business Development
Chief Financial Officer
Finance Director
Legal Counsel
Corporate Lawyer
Debt Recovery Manager
Credit Manager
Financial Controller
Treasury Manager
Risk Manager
Compliance Officer
Corporate Secretary
Account Manager
Restructuring Officer
Collections Manager
Business Development Manager
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