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Interim Settlement Agreement
"Need an Interim Settlement Agreement under Singapore law to resolve an ongoing construction dispute with our contractor, including staged payments over 6 months starting March 2025 and provisions for continued work during the settlement period."
1. Parties: Identification and details of all parties to the settlement
2. Background: Context of the dispute and reason for settlement
3. Definitions: Key terms used tHRoughout the agreement
4. Settlement Terms: Core settlement provisions including payment terms, timelines
5. Release Provisions: Mutual releases and waivers of claims
6. Confidentiality: Obligations regarding confidentiality of settlement terms
1. Non-admission of Liability: Statement clarifying that the settlement does not constitute admission of liability by any party
2. Tax Provisions: Provisions addressing the tax treatment of settlement payments and responsibilities
3. Non-disparagement: Clauses prohibiting parties from making negative statements about each other
1. Payment Schedule: Detailed breakdown of settlement payments and timing
2. Form of Release: Template for formal release documents
3. Pending Claims List: Comprehensive list of claims being settled under the agreement
4. Required Actions: Specific steps parties must take to implement settlement
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