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Multi Party Settlement Agreement
"Need a Multi Party Settlement Agreement under Singapore law to resolve a construction dispute between our company, two subcontractors, and a materials supplier, with staged payments to be completed by March 2025."
1. Parties: Identification and details of all settling parties
2. Background: Context of the dispute and circumstances leading to settlement
3. Definitions: Key terms used tHRoughout the agreement
4. Settlement Terms: Core settlement provisions and obligations
5. Payment Terms: Financial arrangements and payment schedules
6. Release Provisions: Mutual releases and waivers of claims
7. Governing Law: Specification of Singapore law as governing law
1. Confidentiality: Required when settlement terms must remain private between the parties
2. Non-disparagement: Prevents parties from making negative statements about each other, typically used in high-profile disputes
3. Tax Provisions: Specifies tax treatment of settlement payments and responsibilities of parties for tax obligations
4. Dispute Resolution: Sets out mechanism for resolving future disputes relating to the settlement agreement
1. Payment Schedule: Detailed breakdown of payment terms and dates
2. Release Documents: Forms of mutual releases to be executed by the parties
3. Settlement Calculation: Detailed calculation of settlement amounts and methodology
4. Related Agreements: Copies or references to any ancillary agreements mentioned in main agreement
5. Authority Documents: Evidence of authority to settle for corporate parties and signing authorities
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