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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."
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
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
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
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