An Agreement For Settlement Of Dispute is utilized when parties seek to formally resolve their differences without proceeding to or continuing with litigation. This document is particularly relevant in Singapore's business-friendly legal environment, which encourages alternative dispute resolution. The agreement typically includes comprehensive settlement terms, releases of claims, confidentiality provisions, and payment arrangements. It provides certainty and finality to disputes while being enforceable under Singapore law, which follows common law principles supplemented by statutory provisions.
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1. Parties: Identification of all parties to the settlement agreement
2. Background: Description of the dispute and events leading to settlement
3. Definitions: Key terms used tHRoughout the agreement
4. Settlement Terms: Detailed terms of settlement including payment amounts, timing, and conditions
5. Release Clauses: Mutual release of claims and obligations
6. Confidentiality: Terms regarding confidentiality of the settlement
7. Governing Law: Specification of Singapore law as governing law
8. Execution: Signature blocks and execution requirements
1. Non-Admission of Liability: Statement that settlement does not constitute admission of liability by any party
2. Non-Disparagement: Provisions preventing parties from making negative statements about each other
3. Tax Provisions: Specific provisions regarding the tax treatment of settlement payments
4. Regulatory Compliance: Specific regulatory requirements or approvals needed for the settlement
1. Payment Schedule: Detailed breakdown of settlement payments and timing
2. Release Documents: Forms of release or withdrawal of legal proceedings
3. Related Agreements: Copies of any related agreements referenced in settlement
4. Dispute Documentation: Key documents relating to the original dispute
Relevant legal definitions
Clauses
Relevant Industries
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