Mutual Cancellation Agreement Template for Saudi Arabia

1. Transition Arrangements: Required when the cancellation needs a phased implementation or handover period

2. Surviving Obligations: Needed when certain obligations from the original agreement should continue after cancellation

3. Third Party Rights: Include when the cancellation affects rights of third parties or requires third party consents

4. Employee Matters: Required when the cancellation impacts employment relationships

5. Intellectual Property Rights: Include when there are IP rights that need to be addressed post-cancellation

6. Non-Competition: Include when parties wish to maintain non-compete obligations post-cancellation

7. Dispute Resolution: Optional detailed dispute resolution process for any post-cancellation issues

8. Public Announcements: Include when parties need to coordinate public communications about the cancellation

1. Schedule 1 - Original Agreement: Copy or details of the agreement being cancelled

2. Schedule 2 - Settlement Statement: Detailed breakdown of final financial settlements and payments

3. Schedule 3 - Property Inventory: List of assets or properties to be returned or transferred

4. Schedule 4 - Outstanding Obligations: List of any obligations that survive the cancellation

5. Schedule 5 - Transition Plan: Detailed timeline and steps for implementing the cancellation

6. Appendix A - Required Notices: Templates for any required notices to third parties

7. Appendix B - Execution Requirements: Specific requirements for proper execution under Saudi law