A Construction Settlement Agreement is utilized when parties involved in a construction project in Malaysia seek to resolve disputes without proceeding to litigation or arbitration. This document type is particularly relevant when there are disagreements over payment, work quality, delays, or other construction-related issues. The agreement must comply with Malaysian legislation, including the Construction Industry Payment and Adjudication Act 2012 (CIPAA), Contracts Act 1950, and relevant construction industry regulations. It typically includes detailed settlement terms, payment schedules, mutual releases, and any continuing obligations. The document serves as a final resolution of specified disputes while potentially preserving certain ongoing contractual relationships. It's especially important in the Malaysian construction sector where formal dispute resolution can be time-consuming and costly, making settlement agreements an efficient alternative for dispute resolution.
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.
OR
Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identification of all parties to the settlement agreement, including full legal names, registration numbers, and registered addresses
2. Background: Recitals detailing the original contract, nature of disputes, and events leading to settlement
3. Definitions: Definitions of key terms used throughout the agreement
4. Settlement Sum: Clear statement of the agreed settlement amount and payment terms
5. Payment Terms: Detailed payment schedule, method of payment, and consequences of default
6. Release and Discharge: Mutual release of claims and discharge of liabilities related to the settled dispute
7. Confidentiality: Obligations regarding confidentiality of the settlement terms and dispute details
8. Representations and Warranties: Statements affirming parties' authority to enter agreement and validity of settlement
9. General Provisions: Standard clauses including governing law, notices, entire agreement, and severability
1. Tax Provisions: Include when settlement payment has tax implications requiring specific treatment or allocation
2. Continuing Obligations: Required when certain obligations from original contract survive the settlement
3. Third Party Rights: Include when settlement affects rights of third parties or related contractors
4. Insurance and Indemnity: Needed when ongoing insurance or indemnification obligations exist
5. Dispute Resolution: Include specific dispute resolution mechanisms for disputes arising from the settlement agreement
6. Performance Guarantees: Required when settlement includes ongoing work or warranty obligations
7. Intellectual Property Rights: Include when settlement involves IP rights or licensing issues
1. Schedule 1 - Original Contract: Copy or details of the original construction contract
2. Schedule 2 - Payment Schedule: Detailed breakdown of settlement payments and timeline
3. Schedule 3 - Outstanding Works: List of any remaining works to be completed (if applicable)
4. Schedule 4 - Released Claims: Detailed list of claims being settled and released
5. Schedule 5 - Form of Release: Template of final release document to be signed upon completion
6. Schedule 6 - Supporting Documents: Key documents referenced in settlement (claims, correspondence, etc.)
7. Schedule 7 - Completion Certificates: Relevant completion or handover certificates
Relevant legal definitions
Clauses
Relevant Industries
Construction
Real Estate Development
Infrastructure
Commercial Property
Residential Development
Industrial Construction
Government Infrastructure
Energy & Utilities
Transportation
Healthcare Facilities
Education Facilities
Retail Development
Hospitality
Relevant Teams
Legal
Construction
Project Management
Commercial
Finance
Operations
Risk & Compliance
Contract Administration
Claims & Disputes
Executive Leadership
Relevant Roles
Construction Manager
Project Director
Legal Counsel
Contract Manager
Chief Executive Officer
Project Manager
Quantity Surveyor
Construction Director
Claims Manager
Risk Manager
Commercial Director
Finance Director
Site Manager
Operations Manager
Compliance Officer
Find the exact document you need
Bodily Injury Release
A Malaysian law-governed agreement releasing liability for bodily injury claims, including settlement terms and releases.
find out more
Employment Termination Settlement Agreement
A Malaysian law-governed agreement that documents the terms of an employment termination and mutual settlement between employer and employee.
find out more
Matrimonial Settlement Agreement
A Malaysian law-governed agreement detailing divorce settlement terms including asset division, financial arrangements, and maintenance provisions between separating spouses.
find out more
Retrenchment Settlement Agreement
A Malaysian law-governed agreement documenting terms of employee retrenchment, including settlement package and mutual obligations.
find out more
Government Settlement Agreement
A Malaysian law-governed agreement documenting settlement terms between government entities and other parties, including required approvals and compliance measures.
find out more
Trademark Infringement Settlement Agreement
A Malaysian law-governed agreement to settle trademark infringement disputes, outlining cessation terms and compensation requirements.
find out more
Workplace Settlement Agreement
A Malaysian law-governed agreement that documents the settlement terms between employer and employee to resolve employment disputes or termination.
find out more
Tripartite Settlement Agreement
A Malaysian law-governed agreement that formalizes settlement terms and obligations between three parties, providing a legally binding resolution framework.
find out more
Settlement Agreement Between Landlord And Tenant
A Malaysian law-governed agreement that formally resolves disputes between landlords and tenants, including settlement terms and mutual releases.
find out more
Selling House Divorce Agreement
A Malaysian legal agreement governing the sale of matrimonial property and division of proceeds during divorce proceedings, compliant with Malaysian civil and Shariah law where applicable.
find out more
Redundancy Agreement
A Malaysian law-governed agreement documenting redundancy terms, conditions, and payments between employer and employee.
find out more
Mutual Divorce Settlement Agreement
A Malaysian civil law agreement documenting mutually agreed divorce terms and settlements between spouses.
find out more
General Mutual Release Agreement
A Malaysian law-governed agreement where parties mutually release each other from all claims and obligations.
find out more
Division Agreement
A Malaysian law-governed agreement that structures and implements the division of a business entity into separate parts, detailing asset and liability allocation.
find out more
Contract Settlement Agreement
A Malaysian law-governed agreement that documents the final settlement terms between disputing parties and prevents future legal actions.
find out more
Injury Settlement Agreement
A Malaysian law-governed agreement that documents settlement terms and releases claims between parties following a personal injury incident.
find out more
Divorce Agreement
A Malaysian law-governed agreement that formalizes divorce terms, including asset division and custody arrangements.
find out more
Amicable Settlement Agreement
A Malaysian law-governed agreement documenting mutually agreed terms to resolve disputes between parties without court intervention.
find out more
Formal Settlement Agreement
A legally binding agreement under Malaysian law that documents the full and final settlement of disputes between parties, including settlement terms, releases, and enforcement provisions.
find out more
Compromise And Release Agreement
A Malaysian law-governed agreement that settles disputes between parties through mutual release of claims and defined settlement terms.
find out more
Settlement Agreement No Further Claims
A Malaysian law-governed agreement that resolves disputes between parties and prevents any future claims related to the settled matter.
find out more
Mutual Consent Divorce Settlement Agreement
A Malaysian law-governed agreement documenting mutually agreed divorce terms between consenting spouses, including asset division and settlement arrangements.
find out more
Amended Marital Settlement Agreement
A Malaysian legal document modifying an existing marital settlement agreement under the Law Reform (Marriage and Divorce) Act 1976.
find out more
Pre Divorce Settlement Agreement
A Malaysian law-governed agreement establishing terms and conditions between spouses planning to divorce, covering asset division, maintenance, and custody arrangements.
find out more
Resignation Settlement Agreement
A Malaysian law-governed agreement that formalizes employee resignation terms, settlement conditions, and mutual releases between employer and employee.
find out more
Marital Settlement Agreement For Simplified Dissolution Of Marriage
A Malaysian legal agreement for uncontested divorces between non-Muslim couples, outlining mutually agreed terms for marriage dissolution under Malaysian civil law.
find out more
Divorce Mediation Settlement Agreement
A Malaysian law-governed agreement documenting terms agreed upon by divorcing spouses through mediation, covering asset division, financial arrangements, and family matters.
find out more
Conciliation Settlement Agreement
A Malaysian law-governed agreement documenting the resolution terms reached through conciliation proceedings between disputing parties.
find out more
Simple Settlement Agreement
A Malaysian law-governed agreement that formally documents the resolution of disputes between parties, including settlement terms and mutual releases.
find out more
Private Divorce Agreement
A Malaysian law-governed agreement detailing mutually agreed terms for marriage dissolution, including asset division and related arrangements.
find out more
Lien Settlement Agreement
A Malaysian law-governed agreement that sets out terms for settling and discharging an existing lien between a lien holder and debtor.
find out more
Consultant Settlement Agreement
A Malaysian law-governed agreement that documents the settlement terms and mutual releases between a company and consultant, formally concluding their consulting relationship.
find out more
Payment And Release Agreement
A Malaysian law-governed agreement documenting payment terms and release of claims between parties, providing a legally binding settlement framework.
find out more
General Settlement Agreement
A Malaysian law-governed agreement that documents dispute resolution terms and mutual obligations between parties to prevent future litigation.
find out more
Director Settlement Agreement
A Malaysian law-governed agreement that sets out the terms and conditions for a director's departure from a company, including settlements and mutual obligations.
find out more
Compromise Agreement Between Two Parties
A Malaysian law-governed agreement that documents the settlement terms and mutual releases between two disputing parties, providing a final resolution to their differences.
find out more
Agreement For Settlement Of Dispute
A Malaysian law-governed agreement that formalizes dispute resolution between parties, outlining settlement terms and mutual obligations.
find out more
Multi Party Settlement Agreement
A Malaysian law-governed agreement that resolves complex disputes between multiple parties, establishing settlement terms and mutual obligations.
find out more
Final Settlement Agreement
A Malaysian law-governed agreement that provides for the full and final settlement of all claims between parties, including payment terms, releases, and confidentiality provisions.
find out more
Ex Gratia Payment Settlement Agreement
A Malaysian law-governed agreement documenting voluntary payments made without admission of liability, including payment terms and mutual releases.
find out more
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
.png)