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Post Settlement Agreement Template for Singapore

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Key Requirements PROMPT example:

Post Settlement Agreement

"Need a Post Settlement Agreement under Singapore law to document settlement of a commercial dispute with our software vendor, including staged payments over 6 months starting March 2025 and ongoing maintenance support obligations."

Document background
A Post Settlement Agreement is utilized when parties have reached a resolution to their dispute and need to formally document their settlement terms. Under Singapore law, this agreement serves as a crucial document that details the exact terms of settlement, including payment schedules, mutual releases, and ongoing obligations. It provides certainty and finality to the dispute resolution process, incorporating all necessary provisions required by Singapore's legal framework to ensure enforceability and compliance with local regulations. The agreement is particularly important for maintaining clear records of settlement terms and preventing future disputes over the interpretation or implementation of the settlement.
Suggested Sections

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

2. Background: Context of the original dispute and settlement circumstances

3. Definitions: Key terms used tHRoughout the agreement

4. Settlement Terms: Detailed terms of the settlement including payments, actions, and timelines

5. Release Provisions: Mutual releases and waivers of claims

6. Confidentiality: Terms regarding confidentiality of the settlement

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

Optional Sections

1. Non-Admission of Liability: Statement that settlement does not constitute admission of liability - use when explicitly requested by settling parties

2. Non-Disparagement: Provisions preventing parties from making negative statements - relevant in high-profile or sensitive settlements

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

4. Future Cooperation: Terms for ongoing relationship between parties - include when parties need to maintain business relationship

Suggested Schedules

1. Payment Schedule: Detailed breakdown of settlement payments and timelines

2. Original Dispute Documents: Reference documents relating to the original dispute

3. Release Forms: Standard forms for executing releases

4. Confidentiality Undertakings: Detailed confidentiality obligations and procedures

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 contractual relationships in Singapore, covering provisions for contract enforcement and requirements for contractual validity

Contracts Act (Cap. 43): FouNDAtional law based on common law principles that establishes requirements for valid consideration and contract formation in Singapore

Limitation Act (Cap. 163): Specifies time limits for enforcement of settlement terms and limitation periods for various types of claims

Evidence Act (Cap. 97): Establishes rules regarding admissibility of evidence and documentation requirements for legal proceedings

Mediation Act 2017: Governs mediation processes and the enforceability of mediated settlements in Singapore

Supreme Court of Judicature Act: Deals with jurisdiction and enforcement matters, and defines court powers regarding settlements

Personal Data Protection Act 2012: Regulates the collection, use, and disclosure of personal data in settlement agreements where applicable

Rules of Court 2021: Sets out procedural requirements for court-sanctioned settlements and related legal proceedings

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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