The Withdrawal Of Notice Of Termination Commercial Contract is a crucial document used in UAE business operations when parties wish to reverse a previously issued contract termination notice. This document type is particularly relevant in situations where business relationships need to be preserved or where circumstances have changed since the initial termination notice was issued. It must comply with UAE Federal Laws, including the Civil Code and Commercial Transactions Law, and typically includes details of the original contract, the termination notice being withdrawn, and the terms of reinstatement. The document serves as a formal record of the parties' agreement to continue their commercial relationship under either the original or modified terms. It's commonly used in various commercial sectors and requires careful consideration of both legal and business implications.
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1. Parties: Identification of all parties involved in the withdrawal agreement, including their full legal names, registration numbers, and registered addresses
2. Background: Recitals detailing the original contract, the termination notice, and the circumstances leading to this withdrawal
3. Definitions: Key terms used in the withdrawal agreement, including references to the Original Contract, Termination Notice, and Effective Date of withdrawal
4. Withdrawal Declaration: Clear and unequivocal statement of the withdrawal of the termination notice
5. Effect of Withdrawal: Statement confirming the reinstatement of the original contract and its continued validity
6. Confirmation of Original Terms: Affirmation that all terms and conditions of the original contract remain in full force and effect
7. Governing Law and Jurisdiction: Confirmation that UAE law governs the withdrawal agreement and specification of jurisdiction for disputes
8. Execution: Signature blocks for all parties and execution requirements
1. Modified Terms: Used when the withdrawal includes any modifications to the original contract terms
2. Conditions Precedent: Include if there are any conditions that must be met before the withdrawal takes effect
3. Waiver of Claims: Optional mutual release of claims related to the termination notice
4. Costs and Expenses: Include if there are any costs associated with the withdrawal that need to be allocated between parties
5. Confidentiality: Include if the withdrawal and its terms need to remain confidential
6. Third Party Rights: Include if the withdrawal affects any third party rights or obligations
1. Original Contract: Copy of the original commercial contract being reinstated
2. Termination Notice: Copy of the termination notice being withdrawn
3. Modified Terms Schedule: If applicable, detailed list of any modifications to the original contract terms
4. Corporate Authorizations: Copies of relevant board resolutions or powers of attorney authorizing the withdrawal
5. Payment Schedule: If applicable, schedule of any payments or financial adjustments related to the withdrawal
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