The Full Release Of All Claims With Indemnity is a critical legal instrument used in Singapore when parties seek to achieve a complete and final settlement of all disputes, claims, and potential claims between them. This document is particularly relevant following disputes, transactions, or terminations where parties wish to ensure a clean break and protect against future claims. It combines a comprehensive release with indemnification provisions, making it especially suitable for complex commercial situations where potential third-party claims need to be addressed. The document must comply with Singapore's Civil Law Act, Limitation Act, and relevant common law principles.
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1. Parties: Identifies and defines all parties to the release
2. Background: Outlines the context and circumstances leading to the release
3. Definitions: Defines key terms used throughout the document
4. Release Provisions: Details the specific claims being released and scope of release
5. Indemnification: Specifies indemnity obligations and scope
6. Consideration: States the consideration being provided for the release
7. Governing Law: Specifies Singapore law as governing law
1. Confidentiality: Include when parties wish to keep the terms of the release and underlying dispute confidential
2. Non-Disparagement: Prevents parties from making negative statements about each other, typically used in employment or business relationship releases
3. Future Cooperation: Sets out obligations for future cooperation between parties where ongoing relationship or obligations exist
4. Return of Property: Provisions for returning physical or intellectual property and documents between parties
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 payment terms if consideration involves monetary payments
4. Property Schedule: List of property to be returned or transferred between parties
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