Release And Hold Harmless Agreements are commonly used in Singapore when parties wish to prevent future disputes or resolve existing ones. These agreements serve dual purposes: releasing one party from liability for past events and protecting them against future claims. Under Singapore law, these agreements must be carefully drafted to ensure enforceability, particularly regarding exclusion clauses and liability limitations. The agreement typically specifies the scope of release, consideration (if any), and indemnification provisions. It's essential to comply with Singapore's Contract Law and Unfair Contract Terms Act requirements.
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1. Parties: Identifies and defines the parties entering into the agreement
2. Background: Explains the context and purpose of the release agreement
3. Definitions: Defines key terms used throughout the agreement
4. Release Provisions: Core terms specifying what claims are being released
5. Hold Harmless Provisions: Indemnification terms protecting against future claims
6. Governing Law: Specifies Singapore law as governing law
7. Execution: Signature blocks and execution requirements
1. Consideration: Details any payment or other consideration for the release - used when there is monetary or other consideration for the release
2. Confidentiality: Provisions regarding confidentiality of the agreement and its terms - used when parties wish to keep the agreement private
3. Insurance: Insurance requirements and provisions - used when specific insurance coverage is relevant to the release
4. Severability: Provisions for maintaining validity if parts are found unenforceable - used when agreement covers multiple independent matters
1. Description of Released Claims: Detailed list of specific claims being released
2. Related Parties: List of additional parties covered by the release
3. Specific Incidents: Details of incidents or circumstances covered by the release
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