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1. Parties: Full legal names and details of the Releasor (party providing the release) and Releasee (party being released)
2. Background: Context of the original financial obligation and the circumstances leading to this release
3. Definitions: Key terms used in the document including 'Released Claims', 'Effective Date', and any specific financial terms
4. Release and Discharge: Core section detailing the specific financial obligations being released and the scope of the release
5. Consideration: Details of any payment or consideration given in exchange for the release
6. Acknowledgments: Statements confirming understanding of the release's implications and voluntary nature of execution
7. Representations and Warranties: Confirmations regarding authority to execute, absence of prior assignments, and understanding of rights being waived
8. Governing Law and Jurisdiction: Specification of UAE law as governing law and relevant courts' jurisdiction
9. Execution: Signature blocks and execution requirements compliant with UAE law
1. Confidentiality: Required when the parties wish to keep the release and its terms confidential
2. Non-Admission of Liability: Optional clause stating that the release does not constitute admission of liability
3. Future Claims: Additional provisions regarding potential future claims when dealing with ongoing business relationships
4. Third Party Rights: Required when the release affects rights of parties not directly signing the release
5. Partial Invalidity: Severability provisions for complex releases involving multiple obligations
6. Language: Required when the document is bilingual Arabic/English, specifying which version prevails
1. Schedule 1 - Details of Released Claims: Detailed list of specific financial obligations being released
2. Schedule 2 - Payment Details: If applicable, breakdown of any settlement payments or consideration
3. Schedule 3 - Related Agreements: List of any related agreements affected by the release
4. Appendix A - Required Documents: Copies of relevant financial documents, statements, or original agreements being released
5. Appendix B - Corporate Authorizations: If applicable, corporate approvals or power of attorney documents
Banking & Financial Services
Insurance
Real Estate
Construction
Manufacturing
Retail
Professional Services
Healthcare
Education
Technology
Telecommunications
Energy
Trading & Distribution
Investment & Securities
Legal
Finance
Accounting
Treasury
Risk Management
Compliance
Corporate Governance
Credit Control
Collections
Business Development
Chief Financial Officer
Finance Director
Legal Counsel
Corporate Lawyer
Accounts Manager
Credit Controller
Treasury Manager
Risk Manager
Compliance Officer
Company Secretary
Financial Controller
Business Development Manager
Contract Manager
Settlement Officer
Collections Manager
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