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Mutual Release Agreement Template for Singapore

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Key Requirements PROMPT example:

Mutual Release Agreement

"I need a Mutual Release Agreement under Singapore law to settle a commercial dispute between my tech company and a former supplier, including confidentiality provisions and a payment schedule for the agreed settlement amount of SGD 50,000 to be paid by March 2025."

Document background
The Mutual Release Agreement is commonly used in Singapore when parties wish to resolve disputes or terminate relationships while protecting themselves from future claims. This document is particularly valuable in commercial settlements, employment separations, or partnership dissolutions. The agreement, governed by Singapore law, typically includes specific details about the claims being released, any consideration exchanged, and conditions for the release. It serves as a comprehensive solution for parties seeking to achieve a clean break while maintaining legal certainty and compliance with Singapore's legal framework.
Suggested Sections

1. Parties: Identification and details of all parties to the agreement

2. Background: Context of the dispute or circumstances leading to the release

3. Definitions: Key terms used tHRoughout the agreement

4. Release Provisions: Specific claims being released by each party

5. Consideration: Value exchanged between parties for the release

6. Governing Law: Specification of Singapore law as governing law

Optional Sections

1. Non-Admission of Liability: Statement that the agreement does not constitute admission of liability by any party

2. Confidentiality: Provisions regarding confidentiality of the agreement and underlying dispute

3. Non-Disparagement: Provisions preventing parties from making negative statements about each other

4. Return of Property: Provisions for returning any relevant property or documents between parties

Suggested Schedules

1. Schedule of Released Claims: Detailed list of specific claims being released by each party

2. Schedule of Excluded Claims: List of claims specifically excluded from the scope of the release

3. Payment Schedule: Details of any payments to be made as part of the settlement

4. Related Agreements: Copies of any referenced agreements or documents pertinent to the release

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

Singapore Contract Law: Chapter 2 of Singapore Statutes, governing basic contract formation, validity, and enforcement principles including common law principles

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

Limitation Act (Chapter 163): Establishes statutory limitation periods for claims being released and affects the handling of time-barred claims in release agreements

Civil Law Act (Chapter 43): Governs contractual capacity, consideration requirements, and enforceability of releases under Singapore law

Evidence Act: Sets requirements for documenting agreements and determines admissibility of evidence in legal proceedings

Specific Relief Act: Provides framework for contract enforcement and available remedies to contracting parties

Employment Act: Relevant when the release agreement involves employment-related matters or workplace disputes

Companies Act: Applicable when the release agreement involves corporate matters or company-related disputes

Work Injury Compensation Act: Must be considered when the release agreement involves personal injury claims or workplace accidents

Property Law: Applicable when the release agreement involves property-related matters or real estate disputes

Singapore Civil Procedure Rules: Procedural rules that may affect the enforcement and interpretation of the release agreement

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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