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General Release Letter
"I need a General Release Letter to formalize the end of a business partnership with my co-founder, releasing both parties from all past claims and obligations, with a consideration of SGD 50,000 to be paid by March 15, 2025."
1. Date: Date of the release letter
2. Parties' Information: Full names and addresses of releasing and released parties
3. Subject Matter: Clear description of claims/rights being released
4. Release Statement: Explicit statement of release and discharge
5. Consideration: Statement of consideration (if any) for the release
6. Signature Block: Space for signatures and witness details
1. Confidentiality: Include when release terms should remain confidential between parties
2. Non-admission of Liability: Statement that release does not constitute admission of liability by any party
3. Future Claims: Provisions regarding waiver of unknown future claims
1. Description of Claims: Detailed list of specific claims being released
2. Payment Schedule: If release involves payment terms or installments
3. Related Documents: List of associated agreements or documents being referenced
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