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Compromise Settlement Agreement
"Need a Compromise Settlement Agreement under Singapore law to resolve a commercial dispute with our supplier ABC Manufacturing Ltd, with a settlement sum of SGD 500,000 to be paid in tHRee installments tHRoughout 2025, including strict confidentiality provisions."
1. Parties: Identification and details of all parties to the settlement
2. Background: Context of the dispute and circumstances leading to settlement
3. Definitions: Key terms used tHRoughout the agreement
4. Settlement Terms: Core settlement provisions including payment terms and obligations
5. Release and Discharge: Mutual release of claims and obligations
6. Governing Law: Specification of Singapore law as governing law
7. Execution: Signature blocks and execution provisions
1. Confidentiality: Terms of confidentiality regarding the settlement details and negotiations
2. Non-admission of Liability: Statement that settlement does not constitute admission of liability by any party
3. Tax Provisions: Treatment of tax implications of settlement payments and obligations
4. Non-disparagement: Mutual agreements not to speak negatively about other parties
5. Further Assurance: Obligation to execute further documents or take additional steps if needed
6. Costs: Allocation of legal costs and settlement expenses
1. Payment Schedule: Detailed breakdown of payment amounts, dates, and methods of payment
2. Claims Schedule: Comprehensive list of specific claims being settled and released
3. Documents Schedule: List of relevant documents referenced in or forming part of the settlement
4. Deed of Release: Form of release document to be executed by parties
5. Settlement Calculation Schedule: Detailed calculations of settlement amounts including interest if applicable
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