The Simple Settlement Agreement is a fundamental legal document used in Malaysian business and civil contexts to document the resolution of disputes between parties. It serves as a critical tool for businesses and individuals seeking to avoid or terminate litigation while achieving a mutually acceptable resolution. The agreement is particularly valuable in the Malaysian legal landscape where alternative dispute resolution is increasingly encouraged. It can be used to settle various types of disputes, from commercial disagreements to employment matters, and typically includes provisions for payment terms, releases, and future obligations. The document must comply with Malaysian contract law requirements, particularly the Contracts Act 1950, and can be customized to address specific settlement terms while maintaining its essential legal framework. This type of agreement is especially useful in situations where parties wish to maintain business relationships while resolving specific disputes efficiently.
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 the parties entering into the settlement agreement, including their full legal names, registration numbers (if companies), and addresses
2. Background: Recitals describing the dispute or circumstances leading to the settlement, including any relevant legal proceedings
3. Definitions: Defines key terms used throughout the agreement for clarity and consistency
4. Settlement Terms: Core settlement provisions including the basic obligations of each party
5. Payment Terms: Details of any monetary settlement, including amount, payment method, and timing
6. Mutual Release: Provisions where parties release each other from claims related to the settled dispute
7. Representations and Warranties: Basic warranties about capacity to enter agreement and authority to settle
8. Governing Law and Jurisdiction: Specifies Malaysian law as governing law and establishes jurisdiction for disputes
1. Confidentiality: Include when parties wish to keep the settlement terms private
2. Non-Admission of Liability: Include when a party wishes to explicitly state that settlement does not constitute admission of liability
3. Ongoing Obligations: Include when settlement includes future obligations or continuing duties
4. Tax Implications: Include when settlement involves significant monetary amounts with tax considerations
5. Non-Disparagement: Include when parties wish to prevent negative statements about each other
6. Alternative Dispute Resolution: Include when parties want specific dispute resolution mechanisms for future disputes
7. Severability: Include when agreement is complex and parties want to ensure partial invalidity doesn't void entire agreement
1. Payment Schedule: Details of installment payments if settlement amount is to be paid in multiple tranches
2. List of Related Proceedings: List of all legal proceedings or claims being settled
3. Form of Release: Detailed release document if required to be executed separately
4. Security Documents: Details of any security provided for settlement payments
5. Related Agreements: List and copies of any related agreements affected by the settlement
Relevant legal definitions
Clauses
Interpretation
Settlement Terms
Payment Obligations
Mutual Release
Confidentiality
Non-Admission of Liability
Representations and Warranties
Further Assurance
Entire Agreement
Assignment
Severability
Costs
Notices
Force Majeure
Governing Law
Jurisdiction
Counterparts
Waiver
Amendment
Third Party Rights
Time of Essence
Non-Disparagement
Settlement Terms
Payment Obligations
Mutual Release
Confidentiality
Non-Admission of Liability
Representations and Warranties
Further Assurance
Entire Agreement
Assignment
Severability
Costs
Notices
Force Majeure
Governing Law
Jurisdiction
Counterparts
Waiver
Amendment
Third Party Rights
Time of Essence
Non-Disparagement
Relevant Industries
Manufacturing
Financial Services
Real Estate
Construction
Retail
Technology
Healthcare
Education
Professional Services
Transportation
Energy
Telecommunications
Relevant Teams
Legal
Compliance
Risk Management
Executive Leadership
Finance
Operations
Human Resources
Commercial
Corporate Secretariat
Business Development
Administration
Relevant Roles
Legal Counsel
Chief Legal Officer
Compliance Officer
Risk Manager
Chief Executive Officer
Chief Financial Officer
Operations Director
Contract Manager
Business Development Manager
Human Resources Director
Company Secretary
Dispute Resolution Specialist
Commercial Manager
Finance Manager
General 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)