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General Mutual Release Agreement
"I need a General Mutual Release Agreement under Singapore law to settle all existing disputes with my former business partner regarding our tech startup, including IP rights and profit sharing claims, with a settlement sum of SGD 50,000 to be paid by March 2025."
1. Parties: Identifies all parties to the agreement with full legal names and addresses
2. Background: Explains context and reasons for the mutual release
3. Definitions: Defines key terms used tHRoughout the agreement
4. Mutual Release: Core provisions detailing the scope of claims being released
5. Consideration: States the consideration given for the release
6. Governing Law: Specifies Singapore law as governing law
7. Execution: Signature blocks and execution provisions
1. Non-Admission: States that the release does not constitute admission of liability by any party
2. Confidentiality: Requires parties to keep terms of the agreement confidential
3. Non-Disparagement: Prevents parties from making negative statements about each other
4. Future Cooperation: Sets out obligations to cooperate on related matters if needed
1. List of Released Claims: Detailed list of specific claims being released
2. Payment Schedule: Details of payment terms if consideration involves monetary payments
3. Related Proceedings: List of any legal proceedings being terminated
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