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Deed Of Mutual Release

Deed Of Mutual Release Template for Singapore

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Key Requirements PROMPT example:

Deed Of Mutual Release

"Need a Deed of Mutual Release to formally end a software development joint venture with Tech Solutions Pte Ltd, including release of all IP rights and confidentiality obligations, to be effective from March 1, 2025."

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Document background
The Deed of Mutual Release is commonly used in Singapore when parties wish to formally end their legal relationship and prevent future claims. It's particularly valuable in resolving disputes, terminating contracts, or concluding business relationships where parties want certainty that no further claims will arise. The deed must be properly executed under Singapore law, requiring witnessing and potentially company seals. It typically includes comprehensive release provisions, consideration details, and may incorporate confidentiality or non-disparagement clauses depending on the situation.
Suggested Sections

1. Parties: Identification of all parties to the release, including their full legal names, addresses, and registration numbers if companies

2. Background: Context of the relationship between parties and circumstances leading to the release, including reference to any existing disputes or agreements

3. Definitions: Key terms used in the deed including defined terms for parties, agreements, claims, and other relevant concepts

4. Release Provisions: Specific terms of mutual release and discharge, including scope of release and claims being discharged

5. Consideration: Statement of consideration for the release, including any payments or mutual promises

6. Execution: Formal execution blocks including witness requirements and attestation clauses

Optional Sections

1. Confidentiality: Provisions requiring parties to maintain confidentiality of the terms and existence of the release

2. Non-disparagement: Provisions preventing parties from making negative statements about each other following the release

3. Survival Clauses: Provisions specifying which obligations survive the release and continue to be binding

Suggested Schedules

1. Schedule of Claims: Detailed list of specific claims, disputes, or matters being released

2. Schedule of Related Agreements: List of agreements being terminated or affected by the release

3. Payment Schedule: Details of any payment terms, installments, or financial consideration involved in the release

Authors

Alex Denne

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

alex.den.21@genieai.co
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Industries

Civil Law Act (Cap. 43): Primary legislation governing contracts and deeds in Singapore, including provisions for valid consideration and rules for discharge of obligations

Limitation Act (Cap. 163): Legislation setting time limits for bringing claims and statute of limitations considerations for legal actions in Singapore

Singapore Contract Law: Common law principles governing contract formation, validity, and discharge by mutual agreement under Singapore jurisdiction

Companies Act (Cap. 50): Legislation governing corporate entities, including requirements for authority to execute deeds, corporate signing requirements, and directors' powers

Stamp Duties Act (Cap. 312): Legislation governing stamp duty requirements for deeds, including timing, applicable rates, and exemptions

Evidence Act (Cap. 97): Legislation governing admissibility of documents, including requirements for execution and witnessing of deeds

Deed Execution Requirements: Specific requirements for valid deed execution in Singapore: must be in writing, properly executed, witnessed, delivered, clearly stated as a deed, and sealed for companies

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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