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Settlement Waiver And Release Agreement
"I need a Settlement Waiver and Release Agreement under Singapore law to resolve an IP dispute with a former contractor, including a settlement payment of $50,000 and strict confidentiality provisions, to be executed by March 2025."
1. Parties: Identification of all parties to the agreement, including their full legal names, registration numbers (if companies), and addresses
2. Background: Context of the dispute, facts leading to the settlement, and reasons for entering into the agreement
3. Definitions: Definitions of key terms used tHRoughout the agreement, including defined terms for parties, dispute, claims, and settlement
4. Settlement Sum: Details of any payment or consideration, including amount, payment method, and timing
5. Release and Waiver: Comprehensive description of claims being released and rights being waived by all parties
6. Non-Admission of Liability: Statement that the settlement and payment do not constitute admission of liability by any party
7. Governing Law: Specification of Singapore law as governing law and submission to Singapore courts' jurisdiction
1. Confidentiality: Terms requiring parties to keep the settlement terms, negotiations, and related documents confidential
2. Non-Disparagement: Provisions preventing parties from making negative statements about each other
3. Return of Property: Terms governing the return of any relevant property, documents, or confidential information
4. Tax Implications: Clauses addressing responsibility for taxes arising from the settlement payment
5. Further Assurance: Obligation to execute additional documents or take further steps necessary to give effect to the agreement
1. Schedule 1 - Payment Schedule: Detailed breakdown of installment payments including dates, amounts, and payment methods
2. Schedule 2 - List of Claims: Comprehensive list of all claims, causes of action, and proceedings being settled and released
3. Schedule 3 - Related Proceedings: List of all legal proceedings to be discontinued or terminated as part of the settlement
4. Schedule 4 - Form of Announcement: Agreed template for any public statements or announcements regarding the settlement
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