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Agreement And Release Template for Saudi Arabia

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Key Requirements PROMPT example:

Agreement And Release

"I need an Agreement and Release for settling an employment dispute with a senior executive who is leaving our Saudi-based technology company on March 1, 2025, including confidentiality and non-disparagement provisions, with a settlement payment of 500,000 SAR."

Document background
The Agreement and Release is a crucial legal instrument in Saudi Arabia used to formalize the settlement of disputes, conclude business relationships, or release parties from specific obligations. It must comply with both Shariah law principles and Saudi Arabia's commercial regulations, including the Basic Law of Governance and various royal decrees. This document is particularly important in commercial, employment, and corporate contexts, where parties need to clearly document the termination of obligations or settlement of claims. The agreement typically includes detailed release provisions, consideration details, and authentication requirements specific to Saudi jurisdiction. It serves as a comprehensive record of the parties' intentions and obligations, protecting all involved parties by providing legal certainty and finality to the matter being resolved.
Suggested Sections

1. Parties: Identifies and defines all parties to the agreement, including their full legal names, addresses, and capacity to contract

2. Background: Provides context for the agreement, including relevant history of the relationship between the parties and circumstances leading to the release

3. Definitions: Defines key terms used throughout the agreement to ensure clarity and prevent misinterpretation

4. Consideration: Details any consideration being provided in exchange for the release, ensuring compliance with Shariah principles

5. Release Provisions: Specifies the scope and extent of the release, including what claims or rights are being released

6. Representations and Warranties: Statements of fact and guarantees made by each party regarding their authority and capacity to enter into the agreement

7. Confidentiality: Obligations regarding the confidentiality of the agreement and its terms

8. Governing Law and Jurisdiction: Specifies Saudi Arabian law as governing law and designates competent courts for dispute resolution

9. Entire Agreement: Confirms that the document represents the complete agreement between the parties

10. Execution: Details how the agreement will be signed and executed, including compliance with Saudi authentication requirements

Optional Sections

1. Non-Admission of Liability: Statement that the agreement does not constitute admission of liability or wrongdoing (used in dispute settlements)

2. Future Cooperation: Provisions regarding ongoing obligations or cooperation between parties (used when parties will maintain some form of relationship)

3. Return of Property: Requirements for returning any property or documents (used when physical items or documents need to be exchanged)

4. Non-Disparagement: Prohibitions against making negative statements about other parties (used in sensitive settlements)

5. Severability: Provisions for maintaining validity of remaining terms if some are found invalid (used in complex agreements)

6. Amendment Provisions: Procedures for modifying the agreement (used in long-term arrangements)

7. Zakat and Tax Provisions: Clarification of tax implications and responsibilities (used when financial considerations are involved)

8. Notice Provisions: Procedures for formal communications between parties (used in ongoing relationships)

Suggested Schedules

1. Schedule of Released Claims: Detailed list of specific claims, rights, or obligations being released

2. Schedule of Consideration: Detailed breakdown of any payment or consideration being provided

3. Schedule of Related Agreements: List of any related agreements affected by or referenced in the release

4. Schedule of Required Actions: Timeline and list of specific actions required by each party to fulfill the agreement

5. Appendix A - Form of Notice: Template for any required notices under the agreement

6. Appendix B - Authentication Requirements: List of specific documentation required for authentication under Saudi law

Authors

Alex Denne

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

Relevant legal definitions





























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Relevant Industries

Financial Services

Construction

Manufacturing

Oil and Gas

Healthcare

Technology

Real Estate

Professional Services

Retail

Education

Transportation

Telecommunications

Government Services

Mining

Energy

Relevant Teams

Legal

Compliance

Human Resources

Risk Management

Executive Leadership

Corporate Affairs

Operations

Finance

Business Development

Project Management

Administrative

Relevant Roles

Legal Counsel

Chief Legal Officer

Compliance Officer

Human Resources Director

Contract Manager

Risk Manager

Chief Executive Officer

Chief Financial Officer

Business Development Manager

Project Manager

Operations Director

Company Secretary

General Manager

Settlement Officer

Corporate Affairs 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, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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