Document background
A Settlement Agreement and Release of All Claims is utilized when parties wish to conclusively resolve their disputes without proceeding to or continuing with litigation. This document, governed by Singapore law, provides a comprehensive framework for settling all existing and potential claims between the parties. It typically includes detailed settlement terms, payment arrangements, confidentiality obligations, and releases from liability. The agreement is particularly important in Singapore's business-focused legal environment, where it provides certainty and finality to commercial disputes. It must comply with Singapore contract law principles and may require consideration of specific legislation depending on the nature of the underlying dispute.
