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Mutual Release Of All Claims
"I need a Mutual Release of All Claims agreement under Saudi Arabian law for a construction dispute settlement between our company (Al-Riyadh Developers LLC) and a subcontractor (Desert Building Solutions), to be executed by March 2025, including specific provisions for the return of construction equipment and confidentiality clauses."
1. Parties: Identification of all parties to the release, including full legal names, addresses, and capacity to contract
2. Background: Context of the dispute or claims being released, including relevant history and circumstances
3. Definitions: Key terms used throughout the agreement, including 'Claims', 'Released Parties', and other relevant definitions
4. Consideration: Statement of the consideration being exchanged for the release, ensuring compliance with Sharia principles
5. Mutual Release: Core provision detailing the mutual release of claims, specifically describing what claims are being released
6. Scope of Release: Detailed description of the types of claims covered by the release, including known and unknown claims
7. No Admission of Liability: Statement that the release does not constitute an admission of liability by any party
8. Confidentiality: Provisions regarding confidentiality of the settlement and release terms
9. Governing Law: Specification of Saudi Arabian law as governing law and reference to Sharia compliance
10. Execution: Signature requirements and execution formalities in compliance with Saudi law
1. Non-Disparagement: Optional clause preventing parties from making negative statements about each other, used when reputation protection is important
2. Return of Property: Used when there is physical or intellectual property that needs to be returned as part of the settlement
3. Future Cooperation: Include when parties need to cooperate on transitional matters or ongoing obligations
4. Tax Implications: Added when the settlement involves significant monetary compensation or tax considerations
5. Insurance Claims: Include when insurance policies or claims are relevant to the settlement
6. Surviving Claims: Used when certain claims or obligations need to be explicitly preserved
7. Dispute Resolution: Optional detailed dispute resolution process for any conflicts arising from the release agreement
1. Schedule of Released Claims: Detailed list of specific claims being released, including case numbers or incident details
2. Schedule of Payments: If applicable, details of any settlement payments, including amounts and payment terms
3. Schedule of Excluded Claims: List of any specific claims that are not included in the release
4. Schedule of Related Parties: List of affiliated entities or individuals covered by the release
5. Schedule of Required Actions: List of specific actions that must be taken by parties as part of the release agreement
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Legal Counsel
Corporate Attorney
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Business Development Manager
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Company Secretary
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Dispute Resolution Specialist
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