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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."
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
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
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
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