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Release Of Claims Agreement

Release Of Claims Agreement Template for Singapore

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Key Requirements PROMPT example:

Release Of Claims Agreement

"I need a Release of Claims Agreement under Singapore law to settle an employment dispute with a former senior executive, including confidentiality and non-disparagement provisions, with settlement payment to be made by March 15, 2025."

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What is a Release Of Claims Agreement?

A Release of Claims Agreement is commonly used in Singapore when parties wish to resolve disputes without court proceedings or to prevent future litigation. This document is particularly important in commercial, employment, and personal injury contexts, where it provides a clean break between parties. Under Singapore law, the agreement must be properly executed with consideration, clear terms, and voluntary consent. The document typically includes detailed descriptions of released claims, consideration provided, and various representations and warranties. It's essential to ensure the agreement complies with Singapore's legal requirements regarding contract formation, capacity, and enforceability.

What sections should be included in a Release Of Claims Agreement?

1. Parties: Identifies all parties to the agreement with full legal names and addresses

2. Background: Explains the context and circumstances leading to the release

3. Definitions: Defines key terms used throughout the agreement

4. Release Provisions: Details the specific claims being released and scope of the release

5. Consideration: States the consideration given in exchange for the release

6. Representations and Warranties: Statements of fact and promises made by the releasing party

7. Governing Law: Specifies Singapore law as governing law

8. Execution: Signature blocks and execution formalities

What sections are optional to include in a Release Of Claims Agreement?

1. Non-Admission of Liability: States that the release does not constitute admission of liability by the released party

2. Confidentiality: Provisions regarding confidentiality of the release and its terms

3. Non-Disparagement: Prohibits parties from making negative statements about each other

4. Future Cooperation: Obligations regarding future cooperation between parties

What schedules should be included in a Release Of Claims Agreement?

1. Schedule of Released Claims: Detailed list of specific claims being released

2. Schedule of Excluded Claims: List of claims specifically excluded from the release

3. Payment Schedule: Details of any settlement payments if applicable

4. Related Agreements: List of any related agreements affected by or referenced in the release

Authors

Alex Denne

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

alex.den.21@genieai.co
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

Unfair Contract Terms Act (Cap. 396): Regulates unfair terms in contracts and limits the extent to which civil liability can be excluded or restricted by contractual terms

Limitation Act (Cap. 163): Sets statutory time limits for bringing various types of claims, ensuring the release doesn't conflict with statutory limitation periods

Employment Act: Relevant if the release involves employment claims; governs mandatory benefits and rights that cannot be waived in employment relationships

Consumer Protection (Fair Trading) Act: Protects consumers against unfair practices in transactions; relevant if the release involves consumer-related matters

Personal Data Protection Act 2012: Governs the collection, use, and disclosure of personal data; important if the release involves personal data matters

Mental Capacity Act: Ensures parties have the legal capacity to enter into agreements and provides framework for determining validity of consent

Misrepresentation Act: Provides protection against fraudulent or negligent misrepresentation in contracts and agreements

Common Law Principles: Singapore follows English common law tradition, incorporating principles of contract formation, consideration, and interpretation

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, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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