Document background
A Statement of Agreement is commonly used in Singapore when parties need to formally document their mutual understanding or agreement on specific matters. This document type is particularly useful for recording straightforward agreements or acknowledgments without the complexity of a full contract. The Statement of Agreement must comply with Singapore law requirements and typically includes details of the parties involved, the specific matters being agreed upon, and any relevant terms or conditions. It serves as a clear record of the parties' intentions and can be used as evidence in legal proceedings if necessary.
