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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."
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
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
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
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