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High Low Settlement Agreement
"Need a High Low Settlement Agreement under Singapore law for a construction dispute, with a minimum settlement of SGD 500,000 and maximum of SGD 2.5 million, to be finalized by March 2025 and including specific provisions for staged payments."
1. Parties: Identification of settling parties and their legal details
2. Background: Context of the dispute and reason for settlement
3. Definitions: Key terms used in the agreement
4. High-Low Parameters: Specified minimum and maximum settlement amounts
5. Payment Terms: Timing and method of payment
6. Release Provisions: Mutual releases and waiver of claims
7. Governing Law: Specification of Singapore law as governing law
1. Confidentiality: Terms of confidentiality if parties wish to keep settlement private
2. Insurance Provisions: Details of any insurance coverage implications
3. Tax Implications: Treatment of tax consequences
4. Alternative Dispute Resolution: Provisions for resolving disputes about the settlement agreement
1. Schedule of Claims: Detailed list of claims being settled
2. Payment Schedule: If payment is to be made in installments
3. Evidence of Authority: Proof of authority to enter into settlement for corporate entities
4. Original Dispute Documents: Reference documents relating to the underlying dispute
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