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Refund Settlement Agreement
"I need a Refund Settlement Agreement under Singapore law for a software license refund worth SGD 50,000, where the customer needs to return access credentials before receiving the refund, and we want to include strict confidentiality provisions."
1. Parties: Identification of parties involved in the settlement
2. Background: Context of the original transaction and reasons for refund
3. Definitions: Key terms used tHRoughout the agreement
4. Refund Amount: Specification of the agreed refund amount and calculation method
5. Payment Terms: Timeline and method of refund payment
6. Release of Claims: Mutual release of claims related to the original transaction
7. Governing Law: Specification of Singapore law as governing law
8. Execution: Signature blocks and execution details
1. Confidentiality: Used when parties wish to keep settlement terms private - recommended for sensitive commercial transactions
2. Tax Implications: Details of tax treatment of refund - recommended for large refunds or business-to-business transactions
3. Return of Goods: Procedures for returning physical goods - include when refund involves physical product return
4. Dispute Resolution: Specific dispute resolution procedures - recommended for complex transactions or high-value refunds
1. Schedule 1 - Original Transaction Details: Copy of original receipt/invoice and transaction details
2. Schedule 2 - Calculation Schedule: Detailed breakdown of refund calculation if complex
3. Schedule 3 - Product Return Checklist: Checklist and conditions for physical goods being returned
4. Schedule 4 - Payment Details: Bank account or payment method details for refund processing
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