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1. Parties: Identification of all parties to the termination agreement, including their full legal names, registration details, and addresses
2. Background: Reference to the original collaboration agreement, its date, and a brief description of why the parties are entering into this termination agreement
3. Definitions: Definitions of key terms used in the agreement, including references to defined terms from the original collaboration agreement
4. Effective Date of Termination: Clear statement of when the termination takes effect
5. Mutual Release: Provisions for mutual release of claims and obligations under the original agreement
6. Settlement Terms: Details of any financial settlements, payment obligations, or adjustments between the parties
7. Return of Property: Obligations regarding the return of any physical or digital assets, documents, or equipment
8. Continuing Obligations: Identification of any provisions from the original agreement that survive termination
9. Final Accounts: Process for reconciliation and settlement of any outstanding accounts or financial matters
10. Governing Law and Jurisdiction: Confirmation that UAE law governs the agreement and specification of jurisdiction for disputes
1. Intellectual Property Rights: Provisions for the handling of intellectual property developed during the collaboration, used when IP was created or shared during the collaboration
2. Transition Arrangements: Details of how ongoing projects or services will be handled during the transition period, included when there are active projects
3. Non-Competition and Non-Solicitation: Restrictions on future competitive activities or employee solicitation, included when parties want to prevent future competition
4. Confidentiality: Detailed provisions about maintaining confidentiality post-termination, included when sensitive information was shared
5. Third Party Rights: Provisions dealing with any third party contracts or rights affected by the termination, included when third parties are involved
6. Employee Matters: Provisions regarding the handling of employees or contractors, included when staff transfers or redundancies are involved
7. Public Announcements: Guidelines for making public statements about the termination, included for high-profile collaborations
1. Schedule 1 - Original Agreement: Copy or details of the original collaboration agreement being terminated
2. Schedule 2 - Settlement Statement: Detailed breakdown of any financial settlements, including calculations and payment terms
3. Schedule 3 - Asset Register: List of assets to be returned or transferred between parties
4. Schedule 4 - Ongoing Projects: List of projects in progress and their handling arrangements
5. Schedule 5 - Intellectual Property Register: Details of any IP rights and their allocation post-termination
6. Appendix A - Handover Schedule: Timeline and process for the handover of responsibilities and assets
7. Appendix B - Contact Details: List of key contacts for managing the termination process
Technology
Manufacturing
Construction
Professional Services
Healthcare
Education
Retail
Financial Services
Real Estate
Energy
Telecommunications
Transportation and Logistics
Media and Entertainment
Hospitality
Legal
Operations
Executive Leadership
Business Development
Finance
Compliance
Risk Management
Corporate Affairs
Commercial Operations
Project Management
Chief Executive Officer
Managing Director
Chief Operating Officer
Legal Counsel
Business Development Manager
Contract Manager
Partnership Manager
Commercial Director
Operations Manager
Project Manager
Legal Director
Compliance Officer
Chief Financial Officer
Corporate Secretary
Risk Manager
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