The Full and Final Settlement Agreement is a crucial legal instrument used in Malaysian business and legal practice to conclusively resolve disputes between parties. This document becomes necessary when parties wish to terminate existing or potential legal proceedings, settle outstanding claims, or resolve commercial disagreements. It is particularly relevant in situations involving employment disputes, commercial conflicts, insurance claims, or corporate settlements. The agreement must comply with Malaysian contract law principles and relevant statutory requirements, including the Contracts Act 1950 and Civil Law Act 1956. It typically includes detailed provisions for payment terms, comprehensive releases, confidentiality obligations, and non-disparagement clauses, effectively preventing future claims related to the settled matters.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc
1. Parties: Identifies and defines all parties to the agreement, including their full legal names, registration numbers (if companies), and addresses
2. Background: Recitals explaining the context of the dispute or claims being settled, including reference to any existing proceedings
3. Definitions and Interpretation: Defines key terms used throughout the agreement and sets out rules for interpreting the agreement
4. Settlement Sum: Specifies the settlement amount, payment terms, method, and timing of payment
5. Release and Discharge: Mutual releases from all claims, including present and future claims related to the subject matter
6. Confidentiality: Obligations to keep the terms of settlement and related information confidential
7. Non-disparagement: Mutual obligations not to make negative statements about the other party
8. Tax Matters: Clarification of tax responsibilities and implications of the settlement payment
9. Warranties and Representations: Statements of fact and promises made by each party
10. Entire Agreement: Confirms this agreement supersedes all previous agreements or understandings
11. Governing Law and Jurisdiction: Specifies Malaysian law as governing law and jurisdiction for disputes
12. Execution: Signature blocks and execution formalities
1. Return of Property: Required when there is company property or confidential information to be returned
2. Intellectual Property Rights: Needed when settling disputes involving IP rights or transfer of IP
3. Ongoing Obligations: Used when certain obligations continue post-settlement
4. Non-Admission of Liability: Optional clause stating the settlement does not constitute admission of liability
5. Third Party Rights: Required when the settlement affects rights of parties not signing the agreement
6. Insurance and Indemnity: Needed when dealing with insurance claims or requiring specific indemnities
7. Regulatory Compliance: Required when settlement involves regulated industries or requires regulatory approvals
1. Schedule 1 - Details of Existing Proceedings: Lists all current legal proceedings being settled
2. Schedule 2 - Payment Schedule: Detailed breakdown of settlement payments and installment terms if applicable
3. Schedule 3 - Claims Being Released: Comprehensive list of all claims being settled and released
4. Schedule 4 - Required Actions: List of specific actions to be taken by parties as part of settlement
5. Schedule 5 - Form of Announcement: Agreed form of any public announcement regarding the settlement
6. Appendix A - Related Documents: Copies of relevant documents referenced in the settlement
7. Appendix B - Court Orders: Copies of any related court orders or judgments being settled
Relevant legal definitions
Agreement
Background
Business Day
Claim
Completion Date
Confidential Information
Dispute
Effective Date
Encumbrance
Existing Proceedings
Identity Card
Losses
Material Adverse Effect
Party
Payment
Recitals
Related Company
Release
Released Claims
Released Matters
Ringgit Malaysia
Settlement Sum
Settlement Terms
Signing Date
Tax
Working Day
Background
Business Day
Claim
Completion Date
Confidential Information
Dispute
Effective Date
Encumbrance
Existing Proceedings
Identity Card
Losses
Material Adverse Effect
Party
Payment
Recitals
Related Company
Release
Released Claims
Released Matters
Ringgit Malaysia
Settlement Sum
Settlement Terms
Signing Date
Tax
Working Day
Clauses
Interpretation
Definitions
Settlement Terms
Payment
Release and Discharge
Confidentiality
Non-Disparagement
Warranties
Representations
Tax Obligations
Further Assurance
Severability
Assignment
Costs
Entire Agreement
Variation
Waiver
Notices
Third Party Rights
Force Majeure
Governing Law
Jurisdiction
Dispute Resolution
Counterparts
Good Faith
Time of Essence
No Partnership
Indemnification
Regulatory Compliance
Execution
Definitions
Settlement Terms
Payment
Release and Discharge
Confidentiality
Non-Disparagement
Warranties
Representations
Tax Obligations
Further Assurance
Severability
Assignment
Costs
Entire Agreement
Variation
Waiver
Notices
Third Party Rights
Force Majeure
Governing Law
Jurisdiction
Dispute Resolution
Counterparts
Good Faith
Time of Essence
No Partnership
Indemnification
Regulatory Compliance
Execution
Relevant Industries
Financial Services
Manufacturing
Construction
Technology
Healthcare
Retail
Energy
Real Estate
Professional Services
Education
Telecommunications
Transport and Logistics
Relevant Teams
Legal
Finance
Human Resources
Risk Management
Compliance
Corporate Affairs
Company Secretariat
Operations
Commercial
Internal Audit
Relevant Roles
Chief Executive Officer
Chief Legal Officer
Legal Director
General Counsel
Chief Financial Officer
Human Resources Director
Risk Manager
Compliance Officer
Commercial Director
Company Secretary
Settlement Officer
Claims Manager
Dispute Resolution Manager
Corporate Affairs Manager
Finance Manager
Find the exact document you need
Bodily Injury Release
A Malaysian law-governed agreement releasing liability for bodily injury claims, including settlement terms and releases.
find out more
Employment Termination Settlement Agreement
A Malaysian law-governed agreement that documents the terms of an employment termination and mutual settlement between employer and employee.
find out more
Matrimonial Settlement Agreement
A Malaysian law-governed agreement detailing divorce settlement terms including asset division, financial arrangements, and maintenance provisions between separating spouses.
find out more
Retrenchment Settlement Agreement
A Malaysian law-governed agreement documenting terms of employee retrenchment, including settlement package and mutual obligations.
find out more
Government Settlement Agreement
A Malaysian law-governed agreement documenting settlement terms between government entities and other parties, including required approvals and compliance measures.
find out more
Trademark Infringement Settlement Agreement
A Malaysian law-governed agreement to settle trademark infringement disputes, outlining cessation terms and compensation requirements.
find out more
Workplace Settlement Agreement
A Malaysian law-governed agreement that documents the settlement terms between employer and employee to resolve employment disputes or termination.
find out more
Tripartite Settlement Agreement
A Malaysian law-governed agreement that formalizes settlement terms and obligations between three parties, providing a legally binding resolution framework.
find out more
Settlement Agreement Between Landlord And Tenant
A Malaysian law-governed agreement that formally resolves disputes between landlords and tenants, including settlement terms and mutual releases.
find out more
Selling House Divorce Agreement
A Malaysian legal agreement governing the sale of matrimonial property and division of proceeds during divorce proceedings, compliant with Malaysian civil and Shariah law where applicable.
find out more
Redundancy Agreement
A Malaysian law-governed agreement documenting redundancy terms, conditions, and payments between employer and employee.
find out more
Mutual Divorce Settlement Agreement
A Malaysian civil law agreement documenting mutually agreed divorce terms and settlements between spouses.
find out more
General Mutual Release Agreement
A Malaysian law-governed agreement where parties mutually release each other from all claims and obligations.
find out more
Division Agreement
A Malaysian law-governed agreement that structures and implements the division of a business entity into separate parts, detailing asset and liability allocation.
find out more
Contract Settlement Agreement
A Malaysian law-governed agreement that documents the final settlement terms between disputing parties and prevents future legal actions.
find out more
Injury Settlement Agreement
A Malaysian law-governed agreement that documents settlement terms and releases claims between parties following a personal injury incident.
find out more
Divorce Agreement
A Malaysian law-governed agreement that formalizes divorce terms, including asset division and custody arrangements.
find out more
Amicable Settlement Agreement
A Malaysian law-governed agreement documenting mutually agreed terms to resolve disputes between parties without court intervention.
find out more
Formal Settlement Agreement
A legally binding agreement under Malaysian law that documents the full and final settlement of disputes between parties, including settlement terms, releases, and enforcement provisions.
find out more
Compromise And Release Agreement
A Malaysian law-governed agreement that settles disputes between parties through mutual release of claims and defined settlement terms.
find out more
Settlement Agreement No Further Claims
A Malaysian law-governed agreement that resolves disputes between parties and prevents any future claims related to the settled matter.
find out more
Mutual Consent Divorce Settlement Agreement
A Malaysian law-governed agreement documenting mutually agreed divorce terms between consenting spouses, including asset division and settlement arrangements.
find out more
Amended Marital Settlement Agreement
A Malaysian legal document modifying an existing marital settlement agreement under the Law Reform (Marriage and Divorce) Act 1976.
find out more
Pre Divorce Settlement Agreement
A Malaysian law-governed agreement establishing terms and conditions between spouses planning to divorce, covering asset division, maintenance, and custody arrangements.
find out more
Resignation Settlement Agreement
A Malaysian law-governed agreement that formalizes employee resignation terms, settlement conditions, and mutual releases between employer and employee.
find out more
Marital Settlement Agreement For Simplified Dissolution Of Marriage
A Malaysian legal agreement for uncontested divorces between non-Muslim couples, outlining mutually agreed terms for marriage dissolution under Malaysian civil law.
find out more
Divorce Mediation Settlement Agreement
A Malaysian law-governed agreement documenting terms agreed upon by divorcing spouses through mediation, covering asset division, financial arrangements, and family matters.
find out more
Conciliation Settlement Agreement
A Malaysian law-governed agreement documenting the resolution terms reached through conciliation proceedings between disputing parties.
find out more
Simple Settlement Agreement
A Malaysian law-governed agreement that formally documents the resolution of disputes between parties, including settlement terms and mutual releases.
find out more
Private Divorce Agreement
A Malaysian law-governed agreement detailing mutually agreed terms for marriage dissolution, including asset division and related arrangements.
find out more
Lien Settlement Agreement
A Malaysian law-governed agreement that sets out terms for settling and discharging an existing lien between a lien holder and debtor.
find out more
Consultant Settlement Agreement
A Malaysian law-governed agreement that documents the settlement terms and mutual releases between a company and consultant, formally concluding their consulting relationship.
find out more
Payment And Release Agreement
A Malaysian law-governed agreement documenting payment terms and release of claims between parties, providing a legally binding settlement framework.
find out more
General Settlement Agreement
A Malaysian law-governed agreement that documents dispute resolution terms and mutual obligations between parties to prevent future litigation.
find out more
Director Settlement Agreement
A Malaysian law-governed agreement that sets out the terms and conditions for a director's departure from a company, including settlements and mutual obligations.
find out more
Compromise Agreement Between Two Parties
A Malaysian law-governed agreement that documents the settlement terms and mutual releases between two disputing parties, providing a final resolution to their differences.
find out more
Agreement For Settlement Of Dispute
A Malaysian law-governed agreement that formalizes dispute resolution between parties, outlining settlement terms and mutual obligations.
find out more
Multi Party Settlement Agreement
A Malaysian law-governed agreement that resolves complex disputes between multiple parties, establishing settlement terms and mutual obligations.
find out more
Final Settlement Agreement
A Malaysian law-governed agreement that provides for the full and final settlement of all claims between parties, including payment terms, releases, and confidentiality provisions.
find out more
Ex Gratia Payment Settlement Agreement
A Malaysian law-governed agreement documenting voluntary payments made without admission of liability, including payment terms and mutual releases.
find out more
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)
.png)