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Settlement Agreement And General Release
"I need a Settlement Agreement and General Release to resolve an intellectual property dispute with a former employee, including confidentiality provisions and a payment schedule for a settlement amount of SGD 250,000 to be paid by March 2025."
1. Parties: Identification and details of all parties to the settlement
2. Background/Recitals: Context of the dispute and reasons for settlement
3. Definitions: Key terms used throughout the agreement
4. Settlement Terms: Core settlement amounts, payment terms, and conditions
5. Release Provisions: Mutual release of claims and liabilities
6. Confidentiality: Terms regarding non-disclosure of settlement details
7. Governing Law: Specification of Singapore law as governing law
8. Execution: Signature blocks and execution formalities
1. Non-Admission: Statement that settlement does not constitute admission of liability
2. Non-Disparagement: Provisions preventing parties from making negative statements
3. Tax Provisions: Treatment of settlement payments for tax purposes
4. Return of Property: Provisions for returning documents or property
5. Future Cooperation: Terms regarding ongoing obligations or cooperation
1. Payment Schedule: Detailed breakdown of settlement payments and timing
2. Release Documentation: Forms or notices required to implement the release
3. List of Claims: Detailed list of claims being settled
4. Related Agreements: Copies of any referenced agreements or documents
5. Property Schedule: List of any property to be returned or transferred
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