Release Of Claims Form

Release Of Claims Form Template for Singapore

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Key Requirements PROMPT example:

"I need a Release of Claims Form under Singapore law to settle an employment dispute with a former employee who is claiming wrongful termination, with a settlement amount of $50,000 to be paid by March 15, 2025."

Document background

A Release Of Claims Form is commonly used in Singapore when parties wish to resolve disputes or potential claims without pursuing litigation. This document is particularly important in settlement agreements, employment terminations, and accident claims. The form must comply with Singapore contract law requirements and typically includes detailed descriptions of released claims, consideration provided, and various warranties and acknowledgments. It serves as a crucial risk management tool for businesses and individuals, providing certainty and finality to disputes.

Suggested Sections

1. Identification of Parties: Details of the releasing party and the released party, including full legal names and addresses

2. Recitals: Background information about the dispute or claims being released, including relevant dates and circumstances

3. Consideration Statement: Description of the consideration being provided in exchange for the release, including any payment terms

4. Release Clause: Specific description of claims being released, including scope and extent of the release

5. Acknowledgment: Statement confirming understanding of rights being waived and voluntary nature of the release

6. Execution: Signature blocks, witnessing requirements, and date of execution

Optional Sections

1. Non-Admission of Liability: Optional clause stating that the release does not constitute an admission of liability by any party

2. Confidentiality: Optional provisions regarding the confidentiality of the settlement terms and circumstances

3. Non-Disparagement: Optional clause prohibiting parties from making negative statements about each other

4. Return of Property: Optional provisions regarding the return of any property, documents, or materials between parties

Suggested Schedules

1. Schedule A - Schedule of Claims: Detailed itemization of all claims being released, including specific incidents or disputes

2. Schedule B - Payment Terms: Detailed breakdown of any settlement payments, including amounts, timing, and method of payment

3. Schedule C - Property Schedule: List of any properties or items to be returned or transferred between parties

Authors

Alex Denne

Head of Growth (Open Source Law) @ ��Ƶ | 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

Clauses

Relevant Industries

Employment
Insurance
Construction
Healthcare
Financial Services

Relevant Teams

Legal
Human Resources
Risk Management
Finance
Compliance

Relevant Roles

Human Resources Manager
Risk Manager
Claims Adjuster
Corporate Counsel
Compliance Officer

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Authors

Alex Denne

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