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Release Of Contract Letter

Release Of Contract Letter Template for United Arab Emirates

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Key Requirements PROMPT example:

Release Of Contract Letter

"I need a Release of Contract Letter to terminate a software development agreement with TechPro Solutions LLC by March 15, 2025, ensuring all source code is transferred and maintaining confidentiality of both parties' intellectual property."

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Document background
A Release Of Contract Letter is a crucial legal document used when parties mutually agree to terminate their contractual obligations before the natural conclusion of the contract term. In the UAE legal framework, this document must comply with both civil law requirements and Sharia principles, making it distinct from similar documents in other jurisdictions. It serves as formal evidence of the parties' agreement to end their contractual relationship and typically includes details about the original contract, terms of release, settlement of any outstanding obligations, and any provisions that survive the termination. The document is particularly important in the UAE business environment where formal documentation of contract termination is essential for legal certainty and future business relationships. It can be used across various scenarios, from employment contracts to service agreements, and must be carefully drafted to ensure enforceability under UAE law.
Suggested Sections

1. Letter Header and Date: Formal business letter header including sender's details, recipient's details, and date

2. Reference Line: Clear reference to the original contract including title, date, and parties involved

3. Subject Line: Clear indication that this is a Release of Contract

4. Contract Identification: Specific details of the contract being released including date of execution and key identifying information

5. Release Statement: Clear and unambiguous statement of the mutual agreement to release the contract

6. Effective Date: Specific date when the release becomes effective

7. Mutual Release Terms: Statement of mutual discharge of obligations and liabilities

8. Settlement of Accounts: Confirmation that all financial obligations have been settled or how they will be handled

9. Signature Block: Space for signatures of all parties and dates

Optional Sections

1. Surviving Obligations: Used when certain contractual obligations need to survive the release (e.g., confidentiality, non-compete)

2. Return of Property: Include when there are physical or intellectual property items that need to be returned

3. Partial Release Details: Used when only specific parts of the contract are being released while others remain in force

4. Dispute Resolution: Include when specific dispute resolution mechanisms need to be established for any post-release issues

5. Governing Law Confirmation: Optional restatement of the governing law, particularly important for international contracts

6. Non-Disparagement: Include when parties wish to include mutual agreements not to speak negatively about each other

Suggested Schedules

1. Schedule A - Original Contract: Copy or summary of the original contract being released

2. Schedule B - Settlement Statement: Detailed breakdown of any financial settlements or payments if applicable

3. Schedule C - Outstanding Obligations List: List of any surviving obligations or responsibilities that continue past the release

4. Schedule D - Property Transfer Record: Inventory of any properties or materials to be returned or transferred between parties

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions
















Clauses


















Relevant Industries

Banking and Financial Services

Real Estate and Construction

Manufacturing

Retail and Consumer Goods

Technology and Software

Professional Services

Healthcare

Education

Hospitality and Tourism

Energy and Utilities

Telecommunications

Transportation and Logistics

Media and Entertainment

Relevant Teams

Legal

Compliance

Human Resources

Finance

Procurement

Operations

Risk Management

Commercial

Business Development

Executive Leadership

Administration

Contract Management

Relevant Roles

Legal Counsel

Contract Manager

Business Development Manager

Chief Executive Officer

Chief Financial Officer

Human Resources Director

Procurement Manager

Project Manager

Operations Manager

Risk Manager

Compliance Officer

Company Secretary

Commercial Director

General Manager

Industries





Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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