Release And Hold Harmless Agreement Template for Saudi Arabia

The Release And Hold Harmless Agreement is a critical legal instrument used in Saudi Arabia when parties seek to resolve disputes, settle claims, or protect against future liabilities. This document is particularly relevant in commercial transactions, construction projects, employment terminations, or settlement of disputes where one party wishes to release another from existing or potential claims. The agreement must strictly comply with Saudi Arabian law and Sharia principles, including requirements for consideration, certainty, and mutual consent. It typically includes specific provisions detailing the scope of release, indemnification obligations, and enforcement mechanisms. The document has gained increased importance with Saudi Arabia's recent legal reforms under Vision 2030, which has modernized commercial law while maintaining adherence to Islamic principles.

1. Parties: Identification of the Releasor and Releasee with full legal names and addresses

2. Background: Context of the agreement, relationship between parties, and circumstances leading to the release

3. Definitions: Key terms used throughout the agreement, including 'Claims', 'Losses', and 'Released Matters'

4. Release and Discharge: Core provision detailing the scope of release, including specific claims being released

5. Hold Harmless: Indemnification provisions protecting the Releasee from future claims

6. Consideration: Details of the consideration provided in exchange for the release

7. Representations and Warranties: Statements by both parties regarding their capacity and authority to enter into the agreement

8. No Admission of Liability: Statement that the agreement does not constitute admission of fault or liability

9. Governing Law and Jurisdiction: Specification of Saudi law as governing law and relevant court jurisdiction

10. Entire Agreement: Integration clause confirming the agreement represents the complete understanding between parties

11. Execution: Signature blocks and execution requirements compliant with Saudi law