This Termination Of Consultancy Agreement Template is specifically designed for use in the United Arab Emirates business environment, complying with UAE Federal Laws and commercial practices. It serves as a crucial document when parties need to formally end a consultancy relationship before its natural conclusion or at the end of its term. The template incorporates essential elements required by UAE law, including provisions for final settlements, confidentiality maintenance, and post-termination obligations. It's particularly relevant in the UAE's diverse business landscape, where consultancy arrangements are common across various sectors, from free zones to mainland companies. The document ensures proper handling of sensitive aspects such as intellectual property rights transfer, final payments, and mutual releases, while maintaining alignment with UAE's Civil Code and Commercial Transactions Law.

1. Parties: Identification of the company and consultant, including full legal names, addresses, and registration details if applicable

2. Background: Reference to the original consultancy agreement, its date, and brief description of the circumstances leading to termination

3. Definitions: Key terms used in the agreement, including defined terms from the original agreement that remain relevant

4. Termination Date: Clear specification of when the consultancy agreement will terminate

5. Final Payments: Details of any outstanding fees, expenses, or other payments due to the consultant

6. Handover of Work: Process and timeline for transferring ongoing work, documents, and materials

7. Return of Property: Requirements for returning company property, equipment, access cards, and documents

8. Confidentiality: Confirmation that confidentiality obligations survive termination and specific requirements

9. Intellectual Property: Confirmation of ownership of work product and transfer of any pending IP rights

10. Release and Waiver: Mutual release from claims and obligations, subject to specified exceptions

11. Surviving Provisions: Identification of original agreement provisions that survive termination

12. Governing Law and Jurisdiction: Confirmation of UAE law application and jurisdiction for disputes