The Termination Of Buyer Agency Agreement Form is a crucial document used in the United Arab Emirates real estate market when either party wishes to formally end a buyer agency relationship. This document becomes necessary when either the buyer or the real estate agent decides to terminate their professional relationship before a property purchase is completed, or when the original agreement's objectives have been met. It ensures compliance with UAE Civil Code and RERA regulations, particularly important in Dubai's regulated real estate market. The form includes essential details such as party identification, termination date, reasons for termination if applicable, settlement of any outstanding obligations, and mutual release clauses. It serves as official documentation for RERA records and protects both parties by clearly defining the end of their professional relationship and any continuing obligations.

1. Parties: Identification of the Buyer (Principal) and the Real Estate Agent (Agent), including their full legal names, addresses, and relevant license/registration numbers

2. Background: Reference to the original Buyer Agency Agreement, including its date, any reference numbers, and brief scope

3. Definitions: Key terms used in the termination agreement, including references to the original agreement terms

4. Termination Declaration: Clear statement of the termination of the agency agreement, specifying the effective date of termination

5. Mutual Release: Statement releasing both parties from future obligations under the original agreement, subject to any surviving terms

6. Outstanding Obligations: Statement regarding any remaining duties, responsibilities, or payments that need to be fulfilled by either party

7. Return of Materials: Provisions for the return of any documents, keys, or materials related to the agency relationship

8. Confidentiality: Confirmation that confidentiality obligations survive the termination

9. Governing Law: Confirmation that UAE law governs the termination agreement

10. Execution: Signature blocks for both parties and date of execution