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1. Parties: Identification of all parties to the termination agreement, including full legal names and addresses
2. Background: References to the original Management Agreement, its date, and key events leading to termination
3. Definitions: Key terms used in the agreement, including references to defined terms from the original agreement
4. Termination: Express provision for termination, specifying the effective date and basis for termination
5. Mutual Release: Release of claims and obligations between parties, subject to exceptions specified in the agreement
6. Outstanding Payments: Settlement of any outstanding fees, expenses, or other payments due under the Management Agreement
7. Handover Obligations: Requirements for the handover of documents, materials, and responsibilities
8. Continuing Obligations: Identification of provisions that survive termination (e.g., confidentiality, non-compete)
9. Return of Property: Requirements for return of physical and intellectual property
10. Governing Law and Jurisdiction: Confirmation of UAE law application and jurisdiction for disputes
1. Transition Services: Used when the departing manager needs to provide transition support - specifies duration and scope of transition assistance
2. Third Party Rights: Include when there are material contracts or relationships with third parties that need to be addressed
3. Non-Disparagement: Optional clause preventing parties from making negative statements about each other
4. Insurance: Include when there are specific insurance obligations or claims that need to be addressed
5. Employee Matters: Required if the termination affects employment relationships or staff transfers
6. Tax Matters: Include when there are significant tax implications or obligations to be addressed
1. Schedule 1 - Original Management Agreement: Copy of the original Management Agreement being terminated
2. Schedule 2 - Settlement Statement: Detailed breakdown of final payments, including any adjustments or settlements
3. Schedule 3 - Handover Checklist: List of items, documents, and responsibilities to be transferred
4. Schedule 4 - Surviving Provisions: Detailed list of provisions from the original agreement that survive termination
5. Appendix A - Form of Release: Template for mutual release documentation
6. Appendix B - Handover Timeline: Detailed timeline for completion of handover activities
Real Estate
Hospitality
Facility Management
Asset Management
Property Development
Hotel Management
Commercial Property
Retail Management
Healthcare Facility Management
Education Facility Management
Industrial Property Management
Corporate Services
Legal
Operations
Facility Management
Asset Management
Contract Administration
Compliance
Property Management
Commercial
Risk Management
Finance
Corporate Services
Business Development
CEO
Managing Director
Facility Manager
Property Manager
Asset Manager
Operations Director
Legal Counsel
Contract Manager
Portfolio Manager
Regional Manager
General Manager
Chief Operating Officer
Business Development Manager
Commercial Director
Compliance Officer
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