Joint Venture Dissolution Agreement Template for Saudi Arabia

1. Non-Compete Provisions: Restrictions on future competitive activities, if agreed by parties

2. Ongoing Cooperation: Framework for continued cooperation if certain projects or obligations extend beyond dissolution

3. Foreign Partner Exit Requirements: Special provisions for foreign partners' exit from Saudi Arabia, if applicable

4. Bank Accounts and Financial Matters: Specific provisions for handling joint bank accounts and financial instruments

5. Government Approvals: Process for obtaining specific government approvals, if required for certain regulated sectors

6. Transition Services: Temporary services provided between partners during transition period

7. Warranties: Specific warranties regarding assets, liabilities, or other matters, if required

1. Asset Schedule: Detailed listing of all joint venture assets with agreed valuations

2. Liability Schedule: Comprehensive list of all outstanding liabilities and payment obligations

3. Settlement Calculations: Detailed calculations showing final settlement amounts between partners

4. Employee Schedule: List of employees and their entitlements or transfer arrangements

5. Intellectual Property Schedule: Detailed inventory of IP rights and their allocation

6. Contracts Schedule: List of ongoing contracts and their treatment post-dissolution

7. Governmental Permits Schedule: List of permits and licenses and their treatment upon dissolution

8. Tax Clearance Documents: Copies of tax clearance certificates and final settlements

9. Power of Attorney: Forms for any required powers of attorney for completing dissolution process