Document background
The General Release And Settlement Agreement is utilized when parties wish to formally resolve disputes and legal claims in Singapore. This document is particularly important in commercial, employment, or personal injury contexts where parties seek to achieve final closure on their disputes. It comprehensively addresses settlement terms, payment obligations, releases, and future conduct requirements. The agreement must comply with Singapore contract law principles and typically includes provisions that protect both parties' interests while ensuring the settlement is final and binding. It's commonly used following successful negotiations or mediation to document the parties' agreement to resolve their differences.
