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Simple Settlement Agreement And Release
"Need a Simple Settlement Agreement and Release to resolve a commercial dispute with our software vendor, including a payment schedule of SGD 50,000 to be paid in installments starting March 2025, with strict confidentiality provisions."
1. Parties: Identifies all parties to the agreement with their full legal names and addresses
2. Background: Sets out the context, nature of dispute, and intention to settle
3. Definitions: Defines key terms used tHRoughout the agreement for clarity and consistency
4. Settlement Terms: Details the specific terms of settlement including any payments, actions, or obligations
5. Release: Mutual release of claims between parties, including scope of release and exceptions if any
6. Governing Law: Specifies Singapore law as governing law and jurisdiction for disputes
1. Confidentiality: Provisions for keeping settlement terms and related information confidential
2. Non-disparagement: Clauses preventing parties from making negative statements about each other
3. Tax Provisions: Addresses tax implications and responsibilities for settlement payments
4. Further Assurance: Obligation to execute additional documents or take further steps if needed
5. Severability: Provisions for maintaining validity of remaining clauses if any clause is found invalid
1. Payment Schedule: Detailed breakdown of settlement payment amounts, dates, and payment methods
2. List of Claims: Comprehensive list of all claims, disputes, and matters being settled
3. Form of Announcement: Agreed template for any public statements regarding the settlement
4. Related Agreements: List of any other agreements affected by or relevant to the settlement
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