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General Release Letter Template for Singapore

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Key Requirements PROMPT example:

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."

Document background
A General Release Letter is commonly used in Singapore when parties wish to formally settle disputes or terminate ongoing obligations. This document is particularly valuable in situations involving employment terminations, settlement of disputes, or conclusion of business relationships. Under Singapore law, the release must be properly executed with clear consideration to be legally binding. The document typically outlines the specific claims being released, any payment or consideration involved, and includes provisions for future claims. The General Release Letter should be drafted in compliance with Singapore's contract law principles and relevant statutes.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Authors

Alex Denne

Head of Growth (Open Source Law) @ ºÚÁÏÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
























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Industries

Civil Law Act (Cap. 43): Primary legislation governing contract law in Singapore, providing the fundamental framework for contract formation, enforcement, and remedies

Limitation Act (Cap. 163): Establishes statutory time limits for bringing claims, crucial for ensuring the release's provisions don't conflict with prescribed limitation periods

Consumer Protection (Fair Trading) Act: Protects consumer interests and regulates unfair practices in transactions, particularly relevant if the release involves consumer-related matters

Personal Data Protection Act 2012 (PDPA): Governs the collection, use, and disclosure of personal data, ensuring compliance with data protection obligations in the release

Unfair Contract Terms Act (Cap. 396): Regulates unfair terms in contracts and sets limitations on excluding or limiting liability, applying reasonableness tests to contract terms

Evidence Act (Cap. 97): Sets out requirements for documentary evidence and determines the admissibility of the release as evidence in legal proceedings

Employment Act: Relevant when the release involves employment-related matters, ensuring compliance with employment law requirements

Companies Act: Applicable when the release involves corporate entities, ensuring compliance with corporate law requirements

Common Law Principles: Includes principles of contract formation, misrepresentation, and duress from case law that supplement statutory requirements

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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