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Amicable Agreement Template for Singapore

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Key Requirements PROMPT example:

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."

Document background
The Amicable Agreement serves as a crucial tool in Singapore's legal landscape for parties seeking to resolve disputes tHRough mutual understanding rather than litigation. This document type is particularly valuable when parties wish to maintain business relationships while addressing their differences. It encompasses key settlement terms, releases, and obligations while complying with Singapore's legal requirements. The agreement can be used across various scenarios, from commercial disputes to employment matters, and typically includes provisions for consideration, confidentiality, and future conduct.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions






















Clauses

























Industries

Contract Act (Cap. 53): Core legislation governing contract formation, validity, and enforcement in Singapore, including fundamental principles of offer, acceptance, consideration, and intention to create legal relations

Civil Law Act (Cap. 43): Governs contractual formalities including requirements for writing and signatures in certain types of agreements

Limitation Act (Cap. 163): Establishes statutory time limits for the enforcement of contractual rights and legal actions

Electronic Transactions Act (Cap. 88): Regulates electronic transactions and recognizes the validity of electronic signatures in contract execution

Mediation Act 2017: Provides framework for mediation processes and enforceability of mediated settlements, particularly relevant for amicable agreements

International Arbitration Act (Cap. 143A) & Arbitration Act (Cap. 10): Governs arbitration proceedings and enforcement of arbitral awards in both international and domestic contexts

Personal Data Protection Act 2012: Regulates the collection, use, and disclosure of personal data in Singapore

Industry-Specific Regulations: Additional regulations that may apply depending on the specific subject matter of the agreement

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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