Time Waiver for United Arab Emirates

Time Waiver Template for United Arab Emirates

A Time Waiver document under UAE law is a formal legal instrument through which a party voluntarily relinquishes their right to rely on specific time limitations or deadlines that would otherwise be available under UAE legislation. This document is governed by UAE Federal Laws, including the Civil Code and Commercial Transactions Law, and must comply with local requirements for valid waivers. It includes specific provisions detailing the time periods being waived, acknowledgments of the implications, and necessary formalities to ensure enforceability within the UAE legal framework.

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What is a Time Waiver?

A Time Waiver is a critical legal document used in the United Arab Emirates when parties need to formally waive their rights to rely on statutory or contractual time limitations. This document is particularly relevant in situations involving dispute resolution, contract extensions, or when parties need additional time beyond statutory limitations to complete obligations or assert rights. The Time Waiver must be carefully drafted to comply with UAE Civil Code requirements and other relevant federal laws. It typically includes specific details about the time periods being waived, the scope of the waiver, and appropriate acknowledgments from all parties. This document is commonly used in commercial transactions, construction projects, and financial agreements where strict time limitations might otherwise prevent parties from exercising their rights or completing their obligations.

What sections should be included in a Time Waiver?

1. Parties: Identification of all parties to the waiver, including full legal names and addresses

2. Background: Context of the waiver, including reference to any underlying agreements or disputes

3. Definitions: Key terms used in the document, including specific time periods, relevant dates, and legal concepts

4. Subject Matter of Waiver: Clear description of the specific time-based rights or limitations being waived

5. Duration and Scope: Specification of the time period affected by the waiver and its scope

6. Acknowledgments: Parties' acknowledgments of understanding the implications of the waiver

7. Legal Effect: Statement of the legal effect and enforceability of the waiver

8. Governing Law and Jurisdiction: Specification of UAE law as governing law and relevant jurisdiction

9. Execution: Signature blocks and execution requirements

What sections are optional to include in a Time Waiver?

1. Related Agreements: Reference to and interaction with other relevant agreements - include when the waiver relates to existing contractual relationships

2. Conditions Precedent: Any conditions that must be met before the waiver becomes effective - include when the waiver is conditional

3. Representations and Warranties: Specific representations by the parties regarding their authority and understanding - include for complex commercial arrangements

4. Notice Provisions: Requirements for giving notice under the waiver - include when ongoing communications are necessary

5. Severability: Provisions for maintaining validity if parts are found unenforceable - include in complex waivers

6. Language: Specification of prevailing language if document is bilingual - include when document is in multiple languages

What schedules should be included in a Time Waiver?

1. Schedule 1 - Specified Time Periods: Detailed list of specific time periods being waived

2. Schedule 2 - Related Claims or Rights: Description of specific claims or rights affected by the time waiver

3. Schedule 3 - Supporting Documents: List of relevant supporting documents referenced in the waiver

4. Appendix A - Corporate Authorizations: Copies of corporate authorizations for executing the waiver

5. Appendix B - Power of Attorney: If applicable, power of attorney documentation for signatories

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

Publisher

Genie AI

Document Type

Waiver

Cost

Free to use
Relevant Industries

Construction

Real Estate

Banking and Finance

Insurance

Manufacturing

Trading and Commerce

Professional Services

Oil and Gas

Technology

Healthcare

Relevant Teams

Legal

Compliance

Risk Management

Corporate Governance

Commercial Operations

Project Management

Contract Administration

Business Development

Executive Leadership

Relevant Roles

Legal Counsel

Contract Manager

Project Manager

Chief Legal Officer

Risk Manager

Compliance Officer

Commercial Director

Chief Executive Officer

Claims Manager

Corporate Secretary

Business Development Manager

Operations Director

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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