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Company Settlement Agreement
"Need a Company Settlement Agreement under Singapore law to resolve an ongoing dispute with our former technology supplier regarding unfulfilled service obligations, including a structured payment plan for SGD 500,000 to be paid over 6 months starting January 2025."
1. Parties: Identification and details of all parties involved in the settlement
2. Background/Recitals: Context of the dispute and reasons for settlement
3. Definitions: Key terms used tHRoughout the agreement
4. Settlement Terms: Core settlement provisions including payment terms and obligations
5. Release and Waiver: Mutual release of claims and obligations
6. Confidentiality: Obligations regarding non-disclosure of settlement terms
7. Governing Law and Jurisdiction: Specification of Singapore law as governing law and jurisdiction for disputes
8. Execution: Signature blocks and execution formalities
1. Non-Admission of Liability: Statement that settlement does not constitute admission of liability by any party
2. Non-Disparagement: Obligations not to make negative statements about other parties
3. Tax Provisions: Treatment of tax implications of settlement payments
4. Return of Property: Provisions for returning company property or documents
5. Further Assurance: Obligation to execute additional documents or take further steps if needed
6. Costs: Allocation of legal and other costs related to the settlement
1. Schedule 1 - Payment Schedule: Detailed breakdown of settlement payments and timing
2. Schedule 2 - List of Released Claims: Specific claims being settled and released
3. Schedule 3 - Form of Release: Template for formal release documentation
4. Schedule 4 - Related Agreements: List of existing agreements affected by the settlement
5. Schedule 5 - Corporate Authorizations: Board resolutions or other corporate approvals for settlement
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