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Settlement Agreement And Release
"I need a Settlement Agreement and Release to resolve an ongoing commercial dispute with our former supplier, including a staged payment plan over 6 months starting March 2025 and mutual confidentiality obligations under Singapore law."
1. Parties: Full identification of all parties involved in the settlement
2. Background: Brief description of the dispute and circumstances leading to settlement
3. Definitions: Key terms used tHRoughout the agreement
4. Settlement Sum: Details of the settlement amount and payment terms
5. Release and Discharge: Mutual release of claims and liabilities
6. Confidentiality: Obligations regarding non-disclosure of settlement terms
7. Governing Law: Specification of Singapore law as governing law
1. Non-Admission of Liability: Statement that settlement does not constitute admission of liability
2. Non-Disparagement: Mutual agreement not to make negative statements about other parties
3. Tax Implications: Treatment of tax obligations related to settlement
4. Future Cooperation: Terms for ongoing relationship or cooperation
1. Payment Schedule: Detailed breakdown of payment installments if applicable
2. List of Released Claims: Specific enumeration of claims being settled
3. Form of Release: Standard form for executing the release
4. Related Agreements: Copies of any referenced agreements or documents
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