Download Company Release Form - Singapore

Company Release Form for Singapore

Company Release Form Template for Singapore

A legally binding document under Singapore law that releases a company from future claims, liabilities, or obligations from an individual, typically used during employment termination or project completion. The document includes provisions for mutual releases, confidentiality obligations, and specific terms regarding the settlement of any existing or potential claims in accordance with Singapore's legal framework.

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What is a Company Release Form?

The Company Release Form is a critical document in Singapore's corporate environment, used when organizations need to formally conclude relationships with individuals while protecting against future claims. This document, governed by Singapore law, typically includes comprehensive release provisions, confidentiality clauses, and specific terms regarding the settlement of existing or potential claims. It's particularly important during employee departures, contractor relationship conclusions, or settlement of disputes, ensuring both parties have clarity on their rights and obligations post-separation.

What sections should be included in a Company Release Form?

1. Parties: Details of the company and the releasing party, including full legal names and registration details

2. Background: Context of the relationship and reason for release, including employment history if relevant

3. Definitions: Key terms used in the release form, including 'Claims', 'Confidential Information', and 'Effective Date'

4. Release Clause: Core provision releasing all claims and liabilities between the parties

5. Consideration: Statement of consideration provided for the release, including any payment or benefit details

6. Governing Law: Specification of Singapore law as governing law and jurisdiction

What sections are optional to include in a Company Release Form?

1. Non-Disclosure Provisions: Confidentiality obligations regarding company information and trade secrets

2. Return of Property: Requirements and process for returning company property and assets

3. Non-Disparagement: Mutual agreement not to make negative statements about each other

4. Future Cooperation: Provisions for assistance in future matters such as litigation or investigations

What schedules should be included in a Company Release Form?

1. Schedule 1 - Claims: Detailed list of specific claims being released

2. Schedule 2 - Company Property: Inventory of items to be returned to the company

3. Schedule 3 - Payment Details: Details of any settlement payments or final compensation

4. Schedule 4 - Exit Documentation: Exit interview form and final employment status documentation

Authors

Alex Denne

Head of Growth (Open Source Law) @ ��Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

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Free to use

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Consent To Share Information

A Singaporean legal document authorizing personal data sharing with third parties under specific conditions.

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What is a Company Release Form?

What sections should be included in a Company Release Form?

What sections are optional to include in a Company Release Form?

What schedules should be included in a Company Release Form?

Authors

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