Both the parties mentioned in a contract have the right to terminate it by mutual agreement. If the parties are no longer to be trusted or the operations have been ceased, then they can terminate the agreement in writing through a document known as the mutual termination of contract.
With decades of experience in drafting agreements, our lawyers and legal consultants in Dubai provide legal drafting services for different kinds of termination agreements, including, but not limited to:
The firm has helped ensure termination contracts of clients are valid by incorporating the key contract provisions, which are as follows:
With the drafting of a termination agreement, our legal drafting team provides clear descriptions of parties involved, as well as who are going to be bound by the new contract. It is necessary to ensure all parties are tied by identifying them by name, as members of classes, or as falling within particular descriptions.
This section provides the relation of the parties mentioned in the contract and legal relation between each party.
This clause provides the result to the termination of a contract. This may be in the form of payment, but it usually will depend upon the parties involved.
Under this section, there may be some damages that need compensation to be paid by the defaulting party for terminating the contract before the fixed period set in the original contract. This covers all the consequences faced by either party’s termination of a contract.
The drafting of the legal document in UAE has to be done carefully and it must be reviewed by experts to make sure all elements are captured. If are in need of a contract drafted as per your needs, call us as we have seasoned lawyers in Dubai.
The skilled legal drafting team of HHS Lawyers helps in legal drafting of agreements, but also advise on all aspects related to employment legislation and employment-related litigation. For further information, please contact our lawyers and legal consultants in Dubai to get a free initial consultation.
Some of the basic reasons for contract termination are as follows:
A contract becomes null and void for the some of the reasons as mentioned below:
Take note: a contract may be terminated without an agreement for mutual termination of contract if the other party already has a written contract that lays out the specific reasons in which a contract may be terminated.
As mentioned in the article, a mutual termination of contract agreement covers the situation wherein the employee and employer both consent in separation. This is often a document drafted upon the end of an agreement, when a party has been forced to resign, or upon retirement. It is best to have a lawyer draft the agreement to ensure both parties do not face legal risks in the future.
Dismissal is also known as sacking or firing. It is the term that is used by employers to cease the provision of services by an employee. This means dismissal is the same as firing. To be laid off or dismissed is the decision of an employer. If you are considering of firing an employee, we suggest you hire a lawyer to review the employment contract.