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Amicable Agreement
"Need an Amicable Agreement to document settlement of a commercial dispute with our supplier over defective machinery, including a payment schedule for SGD 250,000 to be paid in installments starting March 2025."
1. Parties: Identification and details of all parties to the agreement
2. Background: Context and circumstances leading to the agreement
3. Definitions: Key terms used tHRoughout the agreement
4. Subject Matter: Core terms of the amicable settlement
5. Consideration: Details of what each party is giving or receiving
6. Release Provisions: Mutual release of claims and liabilities
7. Governing Law: Specification of Singapore law as governing law
1. Confidentiality: Terms of confidentiality if settlement terms are to remain private
2. Non-disparagement: Provisions preventing parties from making negative statements about each other
3. Payment Terms: Details of any financial settlements and payment schedule
4. Dispute Resolution: Process for resolving future disputes
1. Payment Schedule: Detailed breakdown of payment terms and dates
2. Release Documentation: Forms or documents evidencing the release of claims
3. Asset Transfer Schedule: List of any assets being transferred as part of settlement
4. Related Agreements: List of any other agreements affected by or related to this settlement
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