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Mutual Release Of All Claims Template for Saudi Arabia

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Key Requirements PROMPT example:

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."

Document background
The Mutual Release Of All Claims agreement is a critical legal instrument used in Saudi Arabia when parties wish to definitively settle all existing and potential disputes between them. This document is particularly valuable following the resolution of complex business transactions, employment disputes, commercial disagreements, or any situation where parties seek to prevent future litigation. It must comply with Saudi Arabian law and Sharia principles, which influence both its form and substance. The agreement typically includes comprehensive releases of all claims, known and unknown, alongside specific provisions for consideration, confidentiality, and non-admission of liability. It's commonly used in business settlements, corporate restructuring, employment separations, and dispute resolutions, providing parties with legal certainty and closure under Saudi jurisdiction.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Authors

Alex Denne

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

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Relevant Industries

Banking & Financial Services

Construction & Real Estate

Oil & Gas

Manufacturing

Healthcare

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Professional Services

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Relevant Teams

Legal

Compliance

Human Resources

Risk Management

Corporate Affairs

Executive Leadership

Finance

Operations

Administrative

Business Development

Dispute Resolution

Relevant Roles

Legal Counsel

Corporate Attorney

Compliance Officer

Risk Manager

Human Resources Director

Chief Legal Officer

Business Development Manager

Contract Manager

Chief Executive Officer

Chief Financial Officer

Operations Director

Company Secretary

Settlement Officer

Dispute Resolution Specialist

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

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