Termination Of Contract By Agreement Template for United Arab Emirates

1. Surviving Provisions: List of specific provisions from the original contract that will survive termination - include when original contract has specific provisions that should continue

2. Transition Arrangements: Details of any transitional period or handover requirements - include when services or operations need to be transferred

3. Non-Compete/Non-Solicitation: Confirmation of any continuing restrictions - include when original contract contained these provisions

4. Tax Implications: Address any tax consequences of the termination - include when significant financial settlements are involved

5. Public Announcements: Agreement on how termination will be communicated externally - include for high-profile contracts or listed companies

6. Employee Matters: Handling of any employment-related issues - include when termination affects employment relationships

7. Insurance and Indemnities: Specific provisions about ongoing insurance requirements or indemnities - include when there are potential future claims

1. Schedule 1 - Payment Settlement: Detailed breakdown of final payments, including any termination fees or reconciliation of accounts

2. Schedule 2 - Outstanding Deliverables: List of any outstanding items or services that must be completed before or after termination

3. Schedule 3 - Property Inventory: Inventory of physical or intellectual property to be returned or transferred

4. Schedule 4 - Surviving Obligations: Detailed list of obligations that survive termination with specific durations

5. Appendix A - Original Contract: Copy of the original contract being terminated

6. Appendix B - Settlement Calculations: Detailed calculations for any financial settlements or adjustments