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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."
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
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
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
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