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Deed Of Settlement And Release
"I need a Deed of Settlement and Release to document a settlement between our company and a former employee regarding their wrongful termination claim, with a settlement amount of $75,000 to be paid in three installments starting March 2025, including strict confidentiality and non-disparagement provisions."
1. Parties: Identification and details of all parties to the deed, including full legal names, addresses, and registration numbers for companies
2. Background: Context of the dispute and circumstances leading to settlement, including relevant dates and events
3. Definitions: Key terms used throughout the deed, ensuring consistent interpretation
4. Settlement Terms: Specific terms of settlement including payment amounts, timelines, and any conditions precedent
5. Release Provisions: Mutual releases from claims and liabilities, including scope of release and excluded claims if any
6. Execution: Formal execution requirements including witnessing, in compliance with Singapore law requirements for deeds
1. Confidentiality: Terms of confidentiality regarding the settlement, including permitted disclosures and duration
2. Non-disparagement: Provisions preventing parties from making negative statements about each other or the settlement
3. Tax Implications: Treatment of settlement payments for tax purposes and allocation of tax responsibilities
4. Future Cooperation: Terms for ongoing relationship between parties and any future obligations
1. Schedule of Claims: Detailed list of claims, disputes, and proceedings being settled under the deed
2. Payment Schedule: Detailed breakdown of settlement payments, including amounts, dates, and payment methods
3. Related Proceedings: List of legal proceedings to be discontinued upon settlement, including case numbers
4. Supporting Documents: Key correspondence, agreements, or other documents referenced in the main deed
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