Document background
A Settlement Agreement Waiver of Claims is utilized when parties wish to resolve existing or potential disputes without proceeding to litigation or to terminate ongoing legal proceedings. This document is particularly relevant in Singapore's business-focused legal environment, where efficient dispute resolution is highly valued. The agreement typically includes specific details about the claims being waived, settlement terms, payment arrangements, and any ongoing obligations. It provides a comprehensive framework for dispute resolution while ensuring compliance with Singapore's legal requirements regarding contract formation, consideration, and enforceability.
