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General Mutual Release Agreement Template for Singapore

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Key Requirements PROMPT example:

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."

Document background
The General Mutual Release Agreement is a crucial legal instrument used in Singapore when parties wish to definitively settle all existing and potential claims between them. This document is particularly valuable following dispute resolution, business relationship termination, or employment separation. It provides comprehensive protection by releasing all claims, whether known or unknown, and typically includes provisions for consideration, confidentiality, and future conduct. The agreement must comply with Singapore contract law requirements and is commonly used to prevent future litigation while providing certainty and closure for all parties involved.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions




















Clauses

























Industries

Contract Act 1872: Primary legislation governing contract formation, validity, and enforcement in Singapore

Unfair Contract Terms Act (Cap. 396): Regulates unfair terms in contracts and limits the extent to which civil liability can be excluded or restricted

Limitation Act (Cap. 163): Sets statutory time limits for bringing claims and affects the scope of releases that can be given

Civil Law Act (Cap. 43): Establishes general principles of civil law and rules regarding consideration and enforcement of contracts

Misrepresentation Act (Cap. 390): Governs false statements and representations, particularly relevant for releases of unknown claims

Evidence Act (Cap. 97): Sets requirements for documentation and admissibility of evidence in legal proceedings

Capacity Requirements: Legal requirement that all parties must have legal capacity to enter into the agreement

Consideration Doctrine: Legal requirement for valid consideration to support the mutual release

Claims Identification: Legal requirement for clear and specific identification of claims being released

Broad Release Enforceability: Legal principles governing the enforcement of broad or general release clauses

Severability Principles: Legal principles allowing invalid provisions to be severed while maintaining the rest of the agreement

Execution Requirements: Legal formalities required for proper execution of the agreement under Singapore law

Stamp Duties: Potential stamp duty requirements for the agreement under Singapore law

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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