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Release And Waiver Of Claims

Release And Waiver Of Claims Template for Saudi Arabia

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Key Requirements PROMPT example:

Release And Waiver Of Claims

"I need a Release and Waiver of Claims agreement under Saudi law for an employee leaving our technology company on March 15, 2025, including standard non-disparagement and confidentiality provisions in exchange for a settlement payment."

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Document background
The Release And Waiver of Claims document is a critical legal instrument used in Saudi Arabia to formally resolve disputes, settle claims, or manage potential liabilities between parties. It is commonly employed in various contexts, including employment terminations, commercial dispute resolutions, accident settlements, and corporate transactions. The document must strictly comply with Saudi Arabian law, including both civil code requirements and Sharia principles, and typically requires an official Arabic version. It contains detailed provisions identifying the parties, specifying the claims being released, acknowledging the voluntary nature of the release, and including any consideration provided. This type of agreement is particularly important in the Saudi legal system, where formal documentation of claim releases is essential for enforceability and future dispute prevention.
Suggested Sections

1. Parties: Identification of the Releasor (party giving up claims) and Releasee (party being released), including full legal names and addresses

2. Background: Context of the relationship between parties and brief description of the claims or potential claims being released

3. Definitions: Key terms used in the document, including 'Claims', 'Released Parties', and other relevant definitions

4. Consideration: Description of the consideration (if any) being provided in exchange for the release

5. Release and Waiver: Core section detailing the specific claims being released and waived, including present and future claims

6. Acknowledgments: Statements confirming the Releasor understands the implications of the release and is entering into it voluntarily

7. Non-Admission of Liability: Statement that the release does not constitute an admission of liability by any party

8. Governing Law and Jurisdiction: Specification of Saudi law as governing law and designation of competent Saudi courts

9. Execution: Signature blocks and execution requirements compliant with Saudi law

Optional Sections

1. Confidentiality: Optional section for cases where the parties wish to keep the terms of the release confidential

2. Specific Exclusions: Section listing any specific claims or rights that are not being released, if applicable

3. Return of Property: Where relevant, provisions regarding the return of any property or documents between parties

4. Non-Disparagement: Optional provisions preventing parties from making negative statements about each other

5. Shariah Compliance Declaration: Explicit statement of Shariah compliance, particularly important for institutional or commercial releases

6. Translation Clause: Required if the document is bilingual Arabic/English, specifying which version prevails

7. Severability: Provision for partial enforcement if any provision is found invalid under Saudi law

Suggested Schedules

1. Schedule 1 - Description of Claims: Detailed list of specific claims, incidents, or matters being released

2. Schedule 2 - Released Parties: Comprehensive list of all parties being released, including affiliated entities if applicable

3. Schedule 3 - Supporting Documents: List of any relevant documents, agreements, or correspondence referenced in the release

4. Appendix A - Arabic Translation: Official Arabic translation of the release (if document is bilingual)

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

alex.den.21@genieai.co
Relevant legal definitions



























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Relevant Industries

Construction

Financial Services

Healthcare

Manufacturing

Real Estate

Technology

Oil and Gas

Professional Services

Retail

Transportation

Education

Telecommunications

Mining

Hospitality

Relevant Teams

Legal

Human Resources

Compliance

Risk Management

Corporate Affairs

Operations

Executive Leadership

Administrative

Finance

Corporate Governance

Relevant Roles

Legal Counsel

Human Resources Director

Risk Manager

Compliance Officer

Chief Legal Officer

Settlement Officer

Contract Administrator

Corporate Secretary

Chief Executive Officer

Human Resources Manager

Claims Manager

Legal Director

Corporate Counsel

Employment Relations Manager

Chief Risk Officer

Operations Director

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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