The Mutual Release Agreement is commonly used in Singapore when parties wish to resolve disputes or terminate relationships while protecting themselves from future claims. This document is particularly valuable in commercial settlements, employment separations, or partnership dissolutions. The agreement, governed by Singapore law, typically includes specific details about the claims being released, any consideration exchanged, and conditions for the release. It serves as a comprehensive solution for parties seeking to achieve a clean break while maintaining legal certainty and compliance with Singapore's legal framework.
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1. Parties: Identification and details of all parties to the agreement
2. Background: Context of the dispute or circumstances leading to the release
3. Definitions: Key terms used tHRoughout the agreement
4. Release Provisions: Specific claims being released by each party
5. Consideration: Value exchanged between parties for the release
6. Governing Law: Specification of Singapore law as governing law
1. Non-Admission of Liability: Statement that the agreement does not constitute admission of liability by any party
2. Confidentiality: Provisions regarding confidentiality of the agreement and underlying dispute
3. Non-Disparagement: Provisions preventing parties from making negative statements about each other
4. Return of Property: Provisions for returning any relevant property or documents between parties
1. Schedule of Released Claims: Detailed list of specific claims being released by each party
2. Schedule of Excluded Claims: List of claims specifically excluded from the scope of the release
3. Payment Schedule: Details of any payments to be made as part of the settlement
4. Related Agreements: Copies of any referenced agreements or documents pertinent to the release
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