The Termination Settlement Agreement is a crucial document used in Saudi Arabia when formally ending an employment relationship by mutual consent. It is particularly important in the Saudi Arabian context due to the specific requirements of Saudi Labor Law and Shari'ah principles that must be observed in employment terminations. This document is typically used when both parties wish to document a clean break and mutual understanding of the termination terms, including financial settlements, end of service benefits, and ongoing obligations. The agreement helps prevent future disputes by clearly documenting all aspects of the termination, from final payments to the return of company property. It's especially valuable in situations involving senior employees, sensitive positions, or complex benefit arrangements, as it provides legal certainty and protection for both parties under Saudi law.
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
Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identification of the employer and employee, including full legal names, addresses, and relevant registration/ID numbers
2. Background: Brief history of employment relationship, including start date, position, and reason for termination
3. Definitions: Key terms used throughout the agreement, including defined terms for payments, effective date, and employment period
4. Termination Date: Clear statement of when employment relationship ends and final working day
5. Financial Settlement: Detailed breakdown of all payments including salary, end of service benefits, and other entitlements under Saudi Labor Law
6. Tax and Social Insurance: Provisions regarding tax treatment of payments and settlement of social insurance obligations
7. Mutual Release and Waiver: Parties' agreement to release each other from all claims relating to employment relationship
8. Company Property: Requirements for return of company property, documents, and confidential information
9. Confidentiality: Ongoing obligations regarding confidential information and trade secrets
10. Governing Law and Jurisdiction: Confirmation of Saudi law application and relevant court jurisdiction
11. Language: Specification that Arabic version prevails in case of conflict with English translation
12. Execution: Signature blocks and execution requirements
1. Non-Competition: Include when there are post-employment restrictions on working for competitors
2. Reference: Include when parties agree on the content and format of future employment references
3. Continuing Obligations: Include when specific obligations from employment contract continue post-termination
4. Legal Fees: Include when there's agreement on who bears legal costs of preparing agreement
5. Medical Insurance: Include when addressing continuation or termination of medical insurance benefits
6. Stock Options/Share Rights: Include when employee has outstanding equity-based compensation
7. Resignation from Positions: Include when employee holds director or officer positions requiring formal resignation
1. Payment Schedule: Detailed breakdown of all payment components and payment dates
2. Company Property List: Itemized list of company property to be returned
3. Outstanding Benefits: List of benefits and entitlements being settled
4. Release Form: Formal release document in Arabic and English
5. Resignation Letter: Standard format resignation letter if termination is structured as resignation
6. Handover Plan: Schedule of responsibilities and documents to be handed over before departure
Relevant legal definitions
Clauses
Relevant Industries
Banking & Finance
Oil & Gas
Manufacturing
Technology
Healthcare
Retail
Construction
Professional Services
Education
Telecommunications
Real Estate
Hospitality
Transportation & Logistics
Mining
Government & Public Sector
Relevant Teams
Human Resources
Legal
Compliance
Finance
Executive Leadership
Corporate Secretariat
Risk Management
Employee Relations
Payroll
Internal Audit
Relevant Roles
Chief Executive Officer
Human Resources Director
Legal Counsel
Chief Financial Officer
Department Manager
Senior Executive
Operations Director
General Manager
Regional Manager
Company Secretary
Compliance Officer
HR Manager
Legal Manager
Finance Director
Board Member
Managing Director
Find the exact document you need
Accident Agreement
A legally binding agreement for resolving vehicle accident claims under Saudi Arabian law and Sharia principles.
Download
Debt Settlement Contract
A Sharia-compliant agreement under Saudi Arabian law that formalizes the terms and conditions for settling an outstanding debt between parties, including payment schedule and enforcement provisions.
Download
Binding Settlement Agreement
A legally binding agreement under Saudi Arabian law that formally settles disputes between parties through mutually agreed terms, incorporating Sharia compliance requirements.
Download
Work Settlement Agreement
A legally binding agreement under Saudi Arabian law that documents the terms of employment termination and final settlement between employer and employee.
Download
Mutual Consent Divorce Agreement
A Saudi Arabian legal document formalizing mutual consent divorce under Sharia law and local regulations, outlining terms and obligations for both parties.
Download
Full And Final Settlement Agreement For Employee
A Saudi Arabian legal document that finalizes employment termination and settles all claims between employer and employee under Saudi Labor Law.
Download
Divorce Agreement
A Saudi Arabian divorce agreement that formalizes marriage dissolution under Islamic law and local regulations, detailing settlements, property division, and relevant custody arrangements.
Download
Amicable Settlement Agreement
A Sharia-compliant settlement agreement under Saudi Arabian law that formalizes dispute resolution between parties through mutually agreed terms.
Download
Financial Agreement After Divorce
A Saudi Arabian legal document establishing financial arrangements between divorced spouses, compliant with both civil law and Sharia principles.
Download
Reaffirmation Settlement Agreement
A Saudi Arabian law-governed agreement that reaffirms and restructures existing debt obligations in compliance with Sharia and local commercial law requirements.
Download
Debt Compromise Agreement
A Saudi Arabian law-governed agreement that establishes terms for settling outstanding debt in accordance with Shariah principles and local regulations.
Download
Land Dispute Settlement Agreement
A Saudi Arabian law-governed agreement that resolves land disputes through formal settlement terms, combining Sharia principles with modern property regulations.
Download
Family Property Settlement Agreement
A Sharia-compliant agreement for family property settlement in Saudi Arabia, governing the division and transfer of family assets under Saudi law.
Download
Resignation Settlement Agreement
A legal document under Saudi Arabian law that formalizes an employee's voluntary resignation and outlines the settlement terms between employer and employee.
Download
Mediation Settlement Agreement
A legally binding agreement under Saudi Arabian law that documents the terms of a dispute resolution reached through mediation, enforceable under local jurisdiction and Sharia principles.
Download
Lease Settlement Agreement
A Saudi Arabian law-compliant agreement that formalizes the mutual termination of a lease and settles all related obligations between landlord and tenant.
Download
Compromise Agreement Between Two Parties
A Sharia-compliant settlement agreement under Saudi Arabian law that resolves disputes between parties and prevents future related claims.
Download
Settlement Agreement Between Two Parties
A Saudi Arabian law-governed agreement that documents the terms of dispute resolution between two parties, incorporating Shariah principles and local legal requirements.
Download
Post Settlement Agreement
A Saudi Arabian law-governed agreement that documents post-settlement obligations and responsibilities following dispute resolution.
Download
Alternative Dispute Resolution Agreement
A Saudi law-governed agreement establishing procedures for alternative dispute resolution, including mediation and arbitration, in compliance with local regulations and Sharia principles.
Download
Money Settlement Agreement
A Sharia-compliant agreement under Saudi Arabian law that documents the terms and conditions of a financial settlement between parties, including payment obligations and mutual releases.
Download
Contract Dispute Settlement Agreement
A Sharia-compliant settlement agreement for resolving contractual disputes under Saudi Arabian law, including comprehensive settlement terms and mutual releases.
Download
Structured Settlement Agreement
A Sharia-compliant structured settlement agreement under Saudi Arabian law, detailing periodic payment arrangements for claim resolution.
Download
Shareholder Settlement Agreement
A Saudi Arabian law-governed agreement that resolves shareholder disputes through mutually agreed terms, share transfers, and/or compensation arrangements.
Download
Insurance Settlement Agreement
A Saudi Arabian law-governed agreement documenting the settlement terms between insurer and claimant, ensuring compliance with local regulations and Sharia principles.
Download
Financial Settlement Agreement
A legally binding agreement under Saudi Arabian law that documents the terms and conditions of a financial settlement between parties, incorporating both Sharia and modern commercial law principles.
Download
Debt Resolution Agreement
A Saudi Arabian law-governed agreement establishing terms for debt resolution between parties, compliant with both civil law and Sharia principles.
Download
Damage Settlement Agreement
A Saudi Arabian law-governed agreement that formalizes the settlement terms and compensation for damage claims between parties.
Download
Redundancy Settlement Agreement
A Saudi Arabian law-governed agreement documenting employment termination due to redundancy, including settlement terms and statutory entitlements.
Download
Legal Settlement Agreement
A Saudi Arabian law-governed agreement that documents dispute resolution terms and settlement conditions in compliance with Sharia principles.
Download
Conflict Resolution Agreement
A legal document governed by Saudi Arabian law that establishes terms for resolving disputes between parties in compliance with Sharia law principles.
Download
Dispute Settlement Agreement
A Saudi law-governed agreement that documents the formal settlement of disputes between parties, incorporating Sharia principles and local legal requirements.
Download
Global Settlement Agreement
A Sharia-compliant Global Settlement Agreement under Saudi Arabian law for resolving complex multi-party disputes with domestic and international implications.
Download
Full And Final Settlement Agreement
A Saudi Arabian law-governed agreement that provides a complete and final settlement of all claims between parties, ensuring full resolution of disputes.
Download
Construction Settlement Agreement
A legal agreement under Saudi Arabian law that resolves construction-related disputes and claims between contracting parties.
Download
Compromise Agreement
A Saudi Arabian law-governed agreement documenting settlement terms between disputing parties, aligned with Sharia principles and local regulations.
Download
Trust Settlement Agreement
A Shariah-compliant legal document establishing and governing a trust structure under Saudi Arabian law, detailing asset management, beneficiary rights, and trustee obligations.
Download
Termination Settlement Agreement
A Saudi Arabian law-governed agreement that documents the terms of employment termination, including settlements and mutual releases between employer and employee.
Download
Family Settlement Agreement
A Sharia-compliant family settlement document under Saudi Arabian law that formalizes arrangements for family asset distribution and relationship management.
Download
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
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)