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Settlement Release Agreement
"Need a Settlement Release Agreement to resolve an intellectual property dispute between our tech company and a former contractor, including a structured payment plan of SGD 250,000 to be paid in installments tHRoughout 2025."
1. Parties: Identifies and defines all parties to the agreement
2. Background: Outlines the context and circumstances leading to the settlement
3. Definitions: Defines key terms used tHRoughout the agreement
4. Settlement Terms: Details the specific terms of settlement including payment amounts and timing
5. Release Provisions: Specifies the claims being released and scope of release
6. Confidentiality: Sets out confidentiality obligations regarding the settlement
7. Governing Law: Specifies Singapore law as governing law
8. Execution: Signature blocks and execution formalities
1. Non-Admission of Liability: States that the settlement does not constitute admission of liability by any party
2. Non-Disparagement: Prevents parties from making negative statements about each other in public or private
3. Future Cooperation: Outlines any required future cooperation between parties post-settlement
4. Tax Treatment: Addresses tax implications and responsibilities for the settlement payment
1. Payment Schedule: Details of payment amounts and timing if installment payments are involved
2. Released Claims: Detailed list of specific claims being released under the agreement
3. Related Proceedings: List of legal proceedings being terminated as part of the settlement
4. Form of Release: Template for any additional release documents required to be executed
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