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1. Parties: Identification of all partnership parties involved in the settlement
2. Background: Context of the partnership, reason for dissolution, and brief history of the business relationship
3. Definitions: Key terms used throughout the agreement, including specific Saudi legal and commercial terms
4. Settlement Terms: Core settlement provisions including financial settlements, asset distribution, and liability allocation
5. Partnership Dissolution: Formal dissolution provisions and procedures in accordance with Saudi law
6. Asset Distribution: Detailed provisions for the distribution of partnership assets, including physical assets, intellectual property, and contracts
7. Financial Settlement: Specific financial terms, payment schedules, and monetary considerations
8. Release and Discharge: Mutual release of claims and obligations between partners
9. Confidentiality: Provisions regarding confidentiality of partnership information and settlement terms
10. Governing Law and Jurisdiction: Explicit reference to Saudi law governance and jurisdictional matters
11. Representations and Warranties: Partners' confirmations and guarantees regarding their authority and the settlement terms
12. Execution: Signature requirements and execution formalities compliant with Saudi law
1. Employee Matters: Required when the settlement involves transfer or termination of employees
2. Intellectual Property Rights: Needed when the partnership owns significant IP assets requiring allocation
3. Outstanding Litigations: Include when there are ongoing legal proceedings involving the partnership
4. Tax Matters: Required when specific tax allocations or obligations need to be addressed
5. Non-Compete Provisions: Include when partners agree to restrictions on future business activities
6. Ongoing Projects: Necessary when dealing with incomplete projects or contracts
7. Islamic Finance Compliance: Required when settlement involves Islamic financing arrangements
8. Third Party Consents: Include when settlement requires approvals from external parties
1. Schedule 1: Asset Inventory: Detailed list of all partnership assets and their agreed values
2. Schedule 2: Financial Statements: Final partnership accounts and financial position
3. Schedule 3: Distribution Plan: Detailed breakdown of how assets and liabilities will be distributed
4. Schedule 4: Payment Schedule: Timeline and terms of any financial settlements between partners
5. Schedule 5: Outstanding Obligations: List of all partnership debts, liabilities, and obligations
6. Appendix A: Partner Releases: Form of mutual release documents
7. Appendix B: Transfer Documents: Templates for asset transfer documentation
8. Appendix C: Government Notifications: Required forms for notifying Saudi authorities of partnership dissolution
Professional Services
Manufacturing
Real Estate
Trading
Construction
Technology
Financial Services
Healthcare
Retail
Hospitality
Industrial
Agriculture
Mining
Education
Transportation
Legal
Finance
Compliance
Corporate Secretariat
Risk Management
Operations
Business Development
Executive Leadership
Corporate Governance
Commercial Operations
Managing Partner
Chief Executive Officer
Chief Financial Officer
Legal Counsel
Corporate Secretary
Business Development Manager
Finance Director
Compliance Officer
Risk Manager
Partnership Manager
Operations Director
Board Member
Commercial Director
Managing Director
General Counsel
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