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Unilateral Release Agreement Template for Singapore

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Key Requirements PROMPT example:

Unilateral Release Agreement

"I need a Unilateral Release Agreement under Singapore law to release all claims against my former business partner relating to our joint venture that operated between 2020-2024, with consideration of SGD 50,000 to be paid by March 2025."

Document background
The Unilateral Release Agreement is commonly used in Singapore when one party wishes to formally relinquish claims or rights against another party. This document is particularly relevant in dispute resolution, settlement agreements, and risk management contexts. It must be drafted in compliance with Singapore law, including the Contract Act and civil law principles. The agreement typically includes specific details about the claims being released, consideration provided, and any conditions attached to the release. It serves as a definitive resolution tool, providing certainty and finality to potential disputes.
Suggested Sections

1. Parties: Identification of the releasing party and the released party

2. Background: Context of the release and relevant history between parties

3. Definitions: Key terms used throughout the agreement

4. Release Provisions: Specific claims, rights, or obligations being released

5. Consideration: Value exchanged for the release

6. Governing Law: Specification of Singapore law as governing law

Optional Sections

1. Non-Admission of Liability: Statement that the release does not constitute admission of liability - used when settling disputes or potential claims

2. Confidentiality: Obligations to keep terms of release confidential - used when parties wish to maintain privacy of settlement

3. Future Claims: Provisions regarding unknown future claims - used when broad protection against future claims is desired

4. Non-Disparagement: Agreement not to make negative statements about other party - used in employment or business relationship contexts

Suggested Schedules

1. Schedule of Released Claims: Detailed list of specific claims being released

2. Schedule of Released Parties: List of additional parties covered by the release (e.g., affiliates, officers)

3. Payment Schedule: If consideration involves payments, details of payment terms and dates

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions






















Clauses























Industries

Contract Act 1872 (Chapter 30): Primary legislation governing contract formation, validity, and enforcement in Singapore

Unfair Contract Terms Act (Cap. 396): Legislation regulating unfair terms in contracts and limiting the extent to which civil liability can be excluded

Civil Law Act (Cap. 43): Fundamental legislation governing civil law matters and contractual relationships in Singapore

Limitation Act (Cap. 163): Statute setting time limits for bringing legal claims and actions in Singapore

Insurance Act (Cap. 142): Relevant if the release agreement involves insurance claims or insurance-related matters

Work Injury Compensation Act: Applicable if the release agreement relates to workplace injuries or occupational claims

Personal Data Protection Act 2012: Governs the collection, use, and disclosure of personal data in Singapore

Electronic Transactions Act: Provides legal framework for electronic signatures and electronic execution of documents

Capacity to Contract: Legal principle requiring parties to have legal capacity to enter into binding agreements

Consideration Doctrine: Common law principle requiring exchange of value for contract validity

Clear and Unambiguous Terms: Legal requirement for contract terms to be clearly expressed and unambiguous

Reasonableness of Terms: Legal principle requiring contract terms to be reasonable and not unconscionable

Enforceability: Legal principle ensuring the agreement can be enforced under Singapore law

Severability: Legal principle allowing invalid contract provisions to be severed while maintaining the validity of the remaining agreement

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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