Receipt And Release Agreement Template for Saudi Arabia

1. Future Claims: Used when there's a need to address potential future claims that haven't yet arisen

2. Return of Property: Include when there is physical or intellectual property to be returned between parties

3. Non-Disparagement: Added when parties wish to prevent negative statements about each other

4. Cooperation: Include when ongoing cooperation between parties is required for implementing the agreement

5. Tax Implications: Used when the settlement has significant tax consequences that need to be addressed

6. Insurance Claims: Include when insurance policies or claims are relevant to the settlement

7. Related Proceedings: Added when there are other legal proceedings that need to be addressed

8. Shariah Compliance Declaration: Optional detailed section confirming specific aspects of Shariah compliance

1. Schedule of Payment: Details of payment amounts, methods, and timing if payment is to be made in installments

2. Schedule of Released Claims: Detailed list of specific claims being released

3. Schedule of Related Agreements: List of any related agreements affected by or referenced in the release

4. Schedule of Retained Rights: Specification of any rights explicitly retained by either party

5. Appendix A - Supporting Documents: Copies of relevant supporting documentation referenced in the agreement

6. Appendix B - Authorization Documents: Copies of corporate or other authorizations required for the agreement