Document background
An Amended Settlement Agreement is used when parties need to modify terms of an existing settlement arrangement while preserving the core agreement. This document type is particularly relevant in Singapore's commercial environment, where changing business circumstances may necessitate adjustments to previously agreed settlements. The agreement must comply with Singapore's contract law requirements and typically includes details of the original settlement, specific amendments, consideration, and execution requirements. It's commonly used in both litigation and non-litigation contexts, providing a formal framework for documenting agreed changes to settlement terms.
