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Covenant Not To Sue Settlement Agreement
"I need a Covenant Not To Sue Settlement Agreement under Singapore law to resolve an IP dispute with a former business partner, with a settlement sum of $500,000 to be paid in installments tHRoughout 2025 and strong confidentiality provisions."
1. Parties: Identification and details of all parties involved in the agreement
2. Background: Context of the dispute and reasons for settlement
3. Definitions: Key terms used tHRoughout the agreement
4. Covenant Not to Sue: Core provision containing the promise not to initiate legal proceedings
5. Consideration: Details of the settlement amount or other consideration
6. Release: Scope of claims being released
7. Governing Law: Specification of Singapore law as governing law
1. Confidentiality: Terms regarding confidentiality of settlement terms - used when parties wish to keep settlement terms private
2. Non-Disparagement: Mutual agreements not to speak negatively about other parties - used in high-profile or sensitive disputes
3. Future Cooperation: Terms for ongoing relationship between parties - used when parties need to maintain business relationship
4. Tax Implications: Treatment of settlement payments for tax purposes - used when settlement involves significant monetary compensation
1. Schedule of Released Claims: Detailed list of specific claims being released
2. Payment Schedule: Details of installment payments if settlement involves staged payments
3. Related Proceedings: List of any related legal proceedings affected by the agreement
4. Form of Release: Standard form for executing the release of claims
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