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Deed Release Agreement

Deed Release Agreement Template for Singapore

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Key Requirements PROMPT example:

Deed Release Agreement

"Need a Deed Release Agreement to formally discharge ABC Manufacturing Pte Ltd from all obligations under a 2020 Equipment Supply Deed, with the release to take effect from 1 March 2025, including specific releases for ongoing maintenance obligations."

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Document background
A Deed Release Agreement is utilized when parties wish to formally and permanently discharge obligations or liabilities arising from an existing deed. This document is particularly relevant in Singapore's business environment where formal release of obligations requires strict compliance with local laws and regulations. The agreement typically includes detailed identification of the original deed, specific obligations being released, and any conditions attached to the release. It must be properly executed as a deed under Singapore law to ensure its enforceability and typically requires witness attestation.
Suggested Sections

1. Parties: Identifies all parties to the deed release

2. Background: Sets out the context and history of the original deed and reason for release

3. Definitions: Defines key terms used throughout the agreement

4. Release Provisions: Core terms specifying what is being released and extent of release

5. Consideration: States the consideration (if any) for the release

6. Execution: Formal execution blocks for all parties

Optional Sections

1. Warranties: Used when parties need to make specific representations about their authority or circumstances

2. Confidentiality: Provisions regarding confidentiality of the release terms

3. Third Party Rights: Addresses rights of third parties affected by the release

Suggested Schedules

1. Original Deed: Copy or details of the deed being released

2. Powers of Attorney: If parties are acting through attorneys

3. Corporate Authorizations: Required when corporate parties are involved

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions





















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Industries

Civil Law Act (Cap. 43): Primary legislation governing contracts and deeds in Singapore, including requirements for valid execution of deeds and contractual formalities

Limitation Act (Cap. 163): Legislation governing time limits for bringing claims and its impact on releases and waivers of rights

Contracts (Rights of Third Parties) Act: Reform legislation addressing third-party rights and obligations in contractual arrangements

Companies Act (Cap. 50): Legislation governing corporate requirements for deed execution and authority requirements for company representatives

Conveyancing and Law of Property Act (Cap. 61): Property law legislation governing interests in land and property-related matters in deed releases

Trustees Act (Cap. 337): Legislation governing powers and duties of trustees and requirements for valid release by trustees

Common Law Principles: Foundational legal principles including doctrine of consideration, rules about release of rights and obligations, and principles of waiver and estoppel

Specific Relief Act (Cap. 321): Legislation governing enforcement of contracts and available remedies to parties in contractual arrangements

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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