A Disclosure of Settlement Agreement is utilized when parties need to share confidential settlement terms with specific third parties while maintaining overall confidentiality. Under Singapore law, this document provides a formal framework for controlled disclosure, ensuring compliance with privacy laws and contractual obligations. The agreement typically includes detailed provisions about what can be disclosed, to whom, and under what conditions, while maintaining the integrity of the original settlement agreement. It's particularly important in situations involving regulatory requirements, corporate transactions, or when professional advisors need access to settlement information.
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Key Requirements PROMPT example:
Disclosure Of Settlement Agreement
"I need a Disclosure of Settlement Agreement under Singapore law to allow our company to share details of our recent employment settlement with our external auditors and tax advisors, with strict confidentiality provisions to prevent further disclosure."
1. Parties: Identification of all parties involved in the settlement agreement
2. Background: Context of the original settlement and reason for disclosure
3. Definitions: Key terms used tHRoughout the agreement
4. Scope of Disclosure: Specific details of what information may be disclosed
5. Permitted Recipients: Parties to whom disclosure is authorized
6. Confidentiality Obligations: Ongoing confidentiality requirements
7. Governing Law: Confirmation of Singapore law as governing law
1. Third Party Rights: Additional provisions required when third parties have rights under the original settlement
2. International Disclosure: Additional provisions required when disclosure involves international parties
3. Data Protection Compliance: Specific PDPA compliance measures when personal data is involved in the disclosure
1. Original Settlement Agreement: Copy of the settlement agreement being disclosed
2. Disclosure Schedule: Detailed list of information authorized for disclosure
3. Recipient Undertaking: Form of confidentiality undertaking for recipients
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