An Exit Agreement is a crucial document used when terminating an employment relationship in Saudi Arabia by mutual consent. This document is essential for ensuring compliance with Saudi Labor Law and protecting both employer and employee interests during the separation process. The agreement comprehensively addresses all aspects of employment termination, including final settlements, end-of-service benefits calculations, confidentiality obligations, and post-employment restrictions. It's particularly important in Saudi Arabia due to specific local legal requirements, including Sharia law principles and mandatory end-of-service benefit calculations. The Exit Agreement should be used whenever an employment relationship is being terminated amicably, providing clear documentation of all agreed terms and ensuring all legal obligations are met under Saudi jurisdiction.
Create a bespoke document in minutes, or upload and review your own.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
Key Requirements PROMPT example:
Exit Agreement
"I need an Exit Agreement for a Senior Technology Executive in Saudi Arabia who will be leaving with enhanced benefits and ongoing consultancy arrangements, including strict non-compete provisions and intellectual property protection for our AI projects."
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
1. Parties: Identification of the employer and employee, including full legal names and addresses
2. Background: Brief context of the employment relationship, including start date and role
3. Definitions: Key terms used throughout the agreement
4. Termination Date: Specific date when employment relationship ends and confirmation of mutual agreement
5. Final Settlement: Breakdown of all payments including salary, end of service benefits, and other entitlements
6. Company Property: Requirements for return of all company assets and property
7. Confidentiality Obligations: Ongoing obligations regarding confidential information
8. Full and Final Settlement: Confirmation that the agreement represents full and final settlement of all claims
9. Governing Law: Confirmation of Saudi law as governing law and jurisdiction
10. Execution: Signature blocks and execution requirements
1. Non-Compete Provisions: Used when requiring post-employment restrictions on working with competitors
2. Ongoing Projects Handover: Include when employee is involved in ongoing projects requiring formal handover
3. Reference Provision: Terms regarding future employment references, if agreed
4. Additional Benefits: Any extra payments or benefits beyond statutory requirements
5. Medical Insurance Extension: Terms for continuation of medical insurance if applicable
6. Cooperation Clause: Requirements for post-employment cooperation in investigations or litigation
7. Non-Disparagement: Mutual obligations regarding non-disparagement
8. Immigration Status: Include for expatriate employees regarding visa status and obligations
1. Schedule 1 - Payment Calculation: Detailed breakdown of all payment components including base salary, benefits, and statutory entitlements
2. Schedule 2 - Company Property List: Itemized list of company property to be returned
3. Schedule 3 - Handover Checklist: Detailed list of tasks and documents to be handed over
4. Appendix A - Confidential Information: Definition and scope of confidential information
5. Appendix B - Non-Compete Terms: Detailed terms of non-compete restrictions if applicable
6. Appendix C - Outstanding Leave Balance: Calculation of any outstanding leave entitlements
Authors
Relevant legal definitions
Clauses
Relevant Industries
Banking & Financial Services
Technology
Manufacturing
Oil & Gas
Construction
Retail
Healthcare
Education
Professional Services
Telecommunications
Real Estate
Hospitality
Transportation & Logistics
Mining
Media & Entertainment
Relevant Teams
Human Resources
Legal
Finance
Operations
Information Technology
Sales
Marketing
Research & Development
Administration
Customer Service
Production
Quality Assurance
Business Development
Compliance
Risk Management
Relevant Roles
Chief Executive Officer
Managing Director
Department Manager
Senior Executive
Project Manager
Technical Specialist
Sales Representative
Administrative Officer
Human Resources Manager
Financial Controller
Operations Manager
Research Scientist
Software Developer
Marketing Manager
Account Manager
General Counsel
Chief Financial Officer
Production Supervisor
Customer Service Representative
Business Development Manager
Find the exact document you need
Deed Of Cancellation Of Agreement For Sale
A Saudi Arabian law-compliant deed that formally terminates an existing sale agreement between parties, adhering to both civil law and Sharia requirements.
find out more
Vendor Contract Termination Letter
A formal notice governed by Saudi Arabian law to terminate a vendor contract, specifying termination terms and remaining obligations.
find out more
Offer To Purchase Cancellation Letter
A formal letter used in Saudi Arabia to cancel a property purchase offer, complying with Saudi law and real estate regulations.
find out more
Cancellation Of Agreement To Sell
A Saudi Arabian law-compliant document that formally terminates an existing Agreement to Sell, outlining cancellation terms and settlements under Sharia principles.
find out more
Non Renewing Lease Letter
A formal notice under Saudi Arabian law communicating the intention not to renew an existing lease agreement, including termination details and handover requirements.
find out more
Cancellation Of Contract To Sell
A Saudi Arabian law-compliant agreement that formally terminates an existing contract to sell, incorporating both Sharia and commercial law principles.
find out more
Termination Of Purchase Agreement
A Saudi law-compliant document that formally terminates an existing Purchase Agreement, settling all outstanding obligations between parties.
find out more
Cancellation Of Service Contract
A Saudi Arabian law-compliant document that formally terminates an existing service agreement between parties, detailing cancellation terms and settlement arrangements.
find out more
Release Of Contract Letter
A formal document under Saudi Arabian law that releases parties from their contractual obligations and responsibilities, providing legal closure to the agreement.
find out more
Cancellation Of Purchase Agreement
A Saudi Arabian law-compliant document that formally terminates an existing purchase agreement between parties, outlining cancellation terms and mutual obligations.
find out more
Mutual Cancellation Agreement
A Sharia-compliant agreement under Saudi Arabian law for the mutual termination of an existing contractual relationship between parties.
find out more
Contract Cancellation Agreement
A Saudi law-compliant agreement for formal termination of an existing contract, incorporating civil law and Sharia requirements.
find out more
Loan Termination Agreement
A Saudi Arabian law-governed agreement that terminates an existing loan arrangement between lender and borrower, compliant with Sharia law and SAMA regulations.
find out more
Mutual Termination Of Contract
A Saudi Arabian law-compliant agreement for consensual termination of employment between employer and employee, including settlement terms and mutual releases.
find out more
Employee Exit Agreement
A Saudi law-governed agreement formalizing employment termination and settling all related obligations between employer and employee.
find out more
Lease Termination Agreement
A Saudi Arabian law-governed agreement that formally terminates a lease between landlord and tenant, settling all related obligations and arrangements.
find out more
Exit Agreement
A Saudi Arabia-governed Exit Agreement documenting employment termination terms and final settlements in compliance with Saudi Labor Law.
find out more
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a £1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our for more details and real-time security updates.
Read our Privacy Policy.