51Ƶ

Rescind Contract for United Arab Emirates

Rescind Contract Template for United Arab Emirates

A comprehensive legal document template designed for use in the United Arab Emirates that facilitates the mutual termination of an existing contract between parties. This template aligns with UAE Civil Code (Federal Law No. 5 of 1985) requirements and provides a structured framework for unwinding contractual relationships, settling outstanding obligations, and ensuring proper documentation of the termination process. It includes provisions for financial settlements, property returns, mutual releases, and ongoing obligations, while incorporating specific UAE legal requirements for contract termination.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Rescind Contract

Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.

What is a Rescind Contract?

The Rescind Contract Template is a vital legal instrument designed for use in the United Arab Emirates business environment, where it serves as a framework for formally terminating existing contractual relationships. This document is particularly crucial when parties mutually agree to end their contractual obligations before the natural completion of the contract term. The template incorporates essential elements required under UAE Civil Code (Federal Law No. 5 of 1985), including provisions for mutual release, settlement of accounts, and return of property. It's specifically structured to protect all parties' interests during the contract termination process, ensuring compliance with local laws while providing clear documentation of the termination terms and conditions. The template is adaptable for various business contexts and includes necessary safeguards for both simple and complex contract terminations.

What sections should be included in a Rescind Contract?

1. Parties: Full legal names and details of all parties to the original contract who are now agreeing to its rescission

2. Background: Details of the original contract, including date, purpose, and key terms, and the circumstances leading to rescission

3. Definitions: Define key terms used in the rescission agreement, including references to the original contract

4. Mutual Agreement to Rescind: Clear statement of parties' agreement to rescind the original contract and the effective date of rescission

5. Settlement of Accounts: Details of any financial settlements, including outstanding payments, refunds, or adjustments

6. Return of Property: Provisions for returning any property, materials, or documents exchanged under the original contract

7. Mutual Release: Release of all parties from future obligations under the original contract and waiver of claims

8. Confidentiality: Obligations regarding confidential information post-rescission

9. Governing Law: Confirmation that UAE law governs the rescission agreement

10. Execution: Signature blocks and execution requirements

What sections are optional to include in a Rescind Contract?

1. Surviving Obligations: List of any obligations from the original contract that will survive rescission (used when certain provisions need to remain in effect)

2. Third Party Rights: Provisions addressing any third-party rights or obligations affected by the rescission (used when third parties are involved)

3. Tax Implications: Addressing tax consequences of the rescission (used in high-value contracts or where significant tax implications exist)

4. Dispute Resolution: Specific dispute resolution procedures (used in complex rescissions or where disputes are anticipated)

5. Transition Arrangements: Procedures for transitioning out of the contract (used in complex operational contracts)

6. Insurance: Provisions regarding insurance policies and claims (used when insurance is relevant to the original contract)

What schedules should be included in a Rescind Contract?

1. Schedule 1 - Original Contract: Copy of the original contract being rescinded

2. Schedule 2 - Settlement Statement: Detailed breakdown of any financial settlements, payments, or adjustments

3. Schedule 3 - Property Inventory: List of all property, materials, or documents to be returned by each party

4. Schedule 4 - Completion Checklist: Checklist of actions required to complete the rescission process

5. Appendix A - Powers of Attorney: Copies of any relevant powers of attorney or authorization documents

6. Appendix B - Corporate Approvals: Copies of any required corporate approvals or resolutions

Authors

Alex Denne

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

Publisher

Genie AI

Document Type

Cancellation Letter

Sector

Sales

Cost

Free to use
Relevant legal definitions



































Clauses





































Relevant Industries

Real Estate

Construction

Manufacturing

Professional Services

Retail

Technology

Healthcare

Education

Financial Services

Hospitality

Transportation

Energy

Telecommunications

Relevant Teams

Legal

Procurement

Finance

Operations

Risk Management

Compliance

Commercial

Business Development

Contract Administration

Corporate Governance

Executive Leadership

Relevant Roles

Legal Counsel

Contract Manager

Chief Executive Officer

Chief Financial Officer

Business Development Manager

Project Manager

Procurement Manager

Operations Director

Risk Manager

Compliance Officer

Commercial Director

General Manager

Managing Director

Company Secretary

Legal Administrator

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

Find the exact document you need

Voluntary Termination

UAE-compliant template for documenting voluntary employment termination, including settlement terms and mutual releases.

find out more

Party Cancellation Letter

A UAE-compliant formal letter for cancelling a party or event, including cancellation terms and financial settlement details in accordance with UAE law.

find out more

Notice Of Termination Of Services Letter

A UAE-compliant template for formally notifying employees of employment termination, including notice period and settlement details as per Federal Decree-Law No. 33 of 2021.

find out more

Lease Termination Notice To Tenant

A UAE legal document for landlords to formally terminate a lease, ensuring compliance with local property laws.

find out more

Flat Cancellation Letter Due To To Non Payment

A UAE-compliant formal notice terminating a lease agreement due to tenant's failure to pay rent, including payment details and vacation requirements.

find out more

Contract Termination Letter For Employee

A formal employment termination notice compliant with UAE labor laws, stating termination terms and final settlement details.

find out more

Card Swiping Machine Cancellation Request Letter

A formal request letter for cancelling card payment processing services and equipment in the UAE, compliant with local banking regulations.

find out more

Letter Of Work Termination

A formal notice of employment termination that complies with UAE Labor Law requirements, documenting the end of an employment relationship.

find out more

Early Termination Letter

A UAE legal document template for formally communicating employment termination, ensuring compliance with local labor laws.

find out more

Contractor Contract Cancellation Letter

A UAE-compliant formal letter for terminating a contractor agreement, including termination terms and settlement details.

find out more

Cancellation Of Medical Aid Letter

A formal letter for terminating medical aid or health insurance coverage in the UAE, complying with local healthcare laws and insurance regulations.

find out more

Cancel Termination Letter

A formal document used in the UAE to terminate employment contracts or business agreements, complying with UAE Labor Law requirements and local regulations.

find out more

Cancel Subscription Letter

A UAE-compliant formal letter template for terminating subscription services, aligned with local consumer protection laws and business regulations.

find out more

Cancel Service Contract Letter

A UAE legal document template for formally terminating service contracts, ensuring compliance with local laws and regulations.

find out more

Cancel Membership Letter

A UAE legal document template for formally terminating membership agreements, ensuring compliance with local laws and regulations.

find out more

Cancel Loan After Approval Letter

A UAE-compliant formal letter requesting cancellation of an approved but undisbursed loan, addressing all regulatory and procedural requirements under UAE banking law.

find out more

Voluntary Termination Letter

A UAE legal document template for employees to formally resign, ensuring compliance with local labor laws.

find out more

Termination Of Contract Of Employment

UAE-compliant employment termination agreement template outlining separation terms, final settlements, and post-employment obligations under UAE Labor Law.

find out more

Cancel Job Application Letter

A formal letter used in the UAE to withdraw a job application, complying with UAE Federal Law No. 33 of 2021 and related employment regulations.

find out more

Tenant Termination Of Lease Agreement

A UAE legal document formalizing the termination of a lease agreement, ensuring compliance with local laws and regulations.

find out more

Lease Termination Agreement

A UAE legal document for mutually agreed lease termination, ensuring compliance with federal and emirate-specific regulations.

find out more

Partnership Termination Agreement

A UAE legal document formalizing the termination of a partnership, ensuring compliance with local commercial laws.

find out more

Mutual Termination Of Contract

A UAE legal document for mutually terminating contracts, detailing settlement terms and ensuring compliance with local laws.

find out more

Lease Termination Notice

A UAE legal document for formally notifying lease termination, compliant with federal and emirate-specific regulations.

find out more

Termination Of Commercial Lease Agreement

UAE-governed agreement for terminating commercial lease arrangements, ensuring compliant closure of landlord-tenant obligations.

find out more

Termination Employment Contract

A UAE legal document for formalizing employment termination, ensuring compliance with local labor laws and regulations.

find out more

Terminate Lease Contract Letter

A formal notice compliant with UAE law for terminating a lease agreement between landlord and tenant, outlining termination details and final arrangements.

find out more

Tenancy Cancellation Letter

A formal letter used in the UAE to notify the termination of a lease agreement, complying with local tenancy laws and regulations.

find out more

Security Agreement Cancellation Letter

A UAE law-governed document that formally terminates and releases security interests, confirming the satisfaction of secured obligations and authorizing deregistration with relevant authorities.

find out more

Lease Termination Letter To Landlord

A UAE legal document for formally ending a lease agreement, ensuring compliance with local property laws and regulations.

find out more

Tenancy Termination Notice

A UAE legal document for formally ending lease agreements, ensuring compliance with local real estate regulations.

find out more

Mutual Lease Termination Agreement

A UAE legal document formalizing mutual lease termination, addressing property handover and financial settlements.

find out more

Rescission Letter

A UAE legal document for formally terminating contracts, ensuring compliance with local Civil Code requirements.

find out more

Tenant Lease Termination Letter

A UAE legal document for tenants to formally terminate lease agreements, ensuring compliance with local property laws.

find out more

Rescind Contract

A UAE legal document template for mutually terminating contracts, ensuring compliance with local laws and protecting parties' interests.

find out more

Request Letter For Cancellation Of Training

A formal UAE-compliant letter requesting the cancellation of a training program or course, including relevant details and refund requests where applicable.

find out more

Real Estate Contract Termination Letter

A UAE legal document for formally terminating real estate contracts, ensuring compliance with local laws and regulations.

find out more

Property Lease Termination Letter

A formal notice compliant with UAE law for terminating a property lease agreement, containing essential termination details and handover arrangements.

find out more

Notice Of Termination Of Agreement

A UAE legal document for formally terminating contractual relationships, ensuring compliance with local laws and notice requirements.

find out more

Notice Of Cancellation For Non Payment Letter

A UAE law-compliant formal notice to terminate a contract due to payment default, serving as legal documentation of the cancellation process.

find out more
See more related templates

ұԾ’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ұԾ’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it