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Release Deed Without Consideration
"I need a Release Deed Without Consideration under UAE law for my Dubai-based technology company to release a former director from all past claims and liabilities relating to their directorship, which ended on January 15, 2025, ensuring the release covers both the individual and their associated companies."
1. Parties: Identification of the Releasor (party giving the release) and Releasee (party being released), including full legal names and addresses
2. Background: Context of the relationship between the parties and circumstances leading to the release
3. Definitions: Key terms used in the deed, including 'Claims', 'Release Date', and any specific terms relevant to the release
4. Release: Core provision stating the unconditional and irrevocable release of claims, explicitly stating it is without consideration
5. Scope of Release: Detailed description of what is covered by the release, including temporal scope (past, present, future claims)
6. Warranties and Representations: Statements by the Releasor regarding their authority to give the release and understanding of its implications
7. Further Assurance: Obligation to execute further documents if necessary to give effect to the release
8. Governing Law and Jurisdiction: Specification of UAE law as governing law and jurisdiction of UAE courts
9. Execution: Formal execution block complying with UAE requirements
1. Confidentiality: Include when the parties wish to keep the existence or terms of the release confidential
2. Third Party Rights: Include when the release is intended to benefit specific third parties
3. Severability: Include when parties want to ensure partial invalidity doesn't affect the whole deed
4. Costs: Include when there needs to be clarity on who bears the costs of preparing and executing the deed
5. Notices: Include when ongoing obligations exist requiring formal communications between parties
6. Language: Include when dual-language versions are prepared to specify which version prevails
1. Schedule 1 - Specific Claims: Detailed list of specific claims being released, if applicable
2. Schedule 2 - Related Parties: List of related entities or individuals covered by the release, if applicable
3. Appendix A - Supporting Documents: Copies of relevant background documents referenced in the deed
4. Appendix B - Powers of Attorney: If signatories are acting under power of attorney, copies of authorization documents
Authors
Banking & Financial Services
Real Estate & Construction
Oil & Gas
Healthcare
Technology
Retail & Consumer
Manufacturing
Professional Services
Education
Hospitality & Tourism
Transportation & Logistics
Family Business
Legal
Compliance
Risk Management
Human Resources
Executive Leadership
Board Secretariat
Finance
Commercial
Business Development
Corporate Governance
Operations
Legal Counsel
Corporate Secretary
Chief Legal Officer
Compliance Officer
Risk Manager
Human Resources Director
Chief Executive Officer
Chief Financial Officer
Commercial Director
Business Development Manager
Contract Manager
Company Director
Board Secretary
Partner
General Manager
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