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Liability Settlement Agreement Template for Singapore

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Key Requirements PROMPT example:

Liability Settlement Agreement

"Need a Liability Settlement Agreement under Singapore law to resolve a workplace accident claim with our former employee, with a structured payment plan over 12 months starting March 2025 and strict confidentiality provisions."

Document background
The Liability Settlement Agreement is utilized when parties wish to resolve disputes involving liability claims without proceeding to litigation in Singapore courts. This document is crucial for documenting the final settlement terms, payment arrangements, and mutual releases between parties. It should comply with Singapore's legal requirements and typically includes provisions for confidentiality, non-admission of liability, and specific settlement terms. The agreement serves as a complete resolution of the dispute and prevents future claims relating to the same incident.
Suggested Sections

1. Parties: Identification and details of all parties involved in the settlement

2. Background: Description of the incident/dispute leading to the settlement

3. Definitions: Key terms used tHRoughout the agreement

4. Settlement Terms: Specific terms of the settlement including payment amounts and timelines

5. Release Provisions: Terms of release from liability

6. Confidentiality: Terms regarding confidentiality of the settlement

7. Governing Law: Specification of Singapore law as governing law

8. Execution: Signature blocks and execution details

Optional Sections

1. Non-Admission of Liability: Statement that settlement does not constitute admission of liability - use when defeNDAnt wants to maintain no fault

2. Non-Disparagement: Provisions preventing parties from making negative statements about each other - use in sensitive or public cases

3. Tax Implications: Treatment of settlement payments for tax purposes - use when settlement involves significant monetary compensation

4. Insurance Provisions: Details of insurance coverage and claims - use when insurance companies are involved

Suggested Schedules

1. Schedule of Payments: Detailed payment structure and timeline

2. Incident Report: Detailed description of the incident leading to liability

3. Release Documentation: Formal release forms and related documents

4. Evidence Documentation: Supporting evidence and documentation referenced in settlement

Authors

Alex Denne

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

Relevant legal definitions



























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Industries

Civil Law Act (Cap. 43): Primary legislation governing civil law matters in Singapore, providing the fundamental framework for civil obligations and remedies

Contract Law Act (Cap. 43): Fundamental legislation governing formation and enforcement of contracts in Singapore

Limitation Act (Cap. 163): Establishes time limits within which various types of legal claims must be brought

Evidence Act (Cap. 97): Governs the admissibility of evidence and documentation requirements in legal proceedings

Civil Law (Amendment) Act 2012: Contains provisions regarding contributory negligence and assessment of liability

Unfair Contract Terms Act (Cap. 396): Regulates unfair terms in contracts and limits the extent to which liability can be excluded or restricted

Personal Data Protection Act 2012: Governs the collection, use, and disclosure of personal data, relevant if settlement involves personal information

Income Tax Act (Cap. 134): Relevant for tax implications of settlement payments and their treatment under Singapore tax law

Goods and Services Tax Act (Cap. 117A): Determines GST implications on settlement amounts and related transactions

Mediation Act 2017: Framework for mediation proceedings in Singapore, relevant for dispute resolution clauses

Arbitration Act (Cap. 10): Governs arbitration proceedings in Singapore, important for alternative dispute resolution provisions

Supreme Court of Judicature Act (Cap. 322): Establishes jurisdiction and powers of Singapore courts in handling settlement disputes

Common Law Principles: Singapore follows English common law principles including contract formation, consideration, and capacity to contract

MAS Guidelines: Regulatory guidelines from Monetary Authority of Singapore, applicable when financial institutions are involved in settlements

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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