A Contract Dispute Settlement Agreement is utilized when parties involved in a contractual dispute in Singapore reach a mutual understanding to resolve their differences outside of court proceedings. This document serves as a comprehensive record of the settlement terms, incorporating key elements such as financial compensation, performance obligations, and releases of claims. It must comply with Singapore's legal framework, including the Civil Law Act and Mediation Act 2017 (if applicable). The agreement is particularly valuable for preserving business relationships while providing legal certainty and closure to the disputed matters.
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1. Parties: Identification and details of all parties involved in the dispute and settlement
2. Background: Summary of the dispute and events leading to settlement
3. Definitions: Key terms used tHRoughout the agreement
4. Settlement Terms: Specific terms of settlement including payment amounts, actions required
5. Release and Discharge: Mutual release of claims related to the dispute
6. Governing Law: Specification of Singapore law as governing law
1. Confidentiality: Terms of confidentiality regarding the settlement - used when parties wish to keep settlement terms private
2. Non-admission of Liability: Statement that settlement does not constitute admission of liability - used when requested by settling party
3. Tax Provisions: Treatment of settlement payments for tax purposes - used when settlement involves significant monetary compensation
4. Non-disparagement: Agreement not to make negative statements about other parties - used in high-profile or sensitive disputes
1. Payment Schedule: Details of payment amounts, dates, and methods
2. Release Documentation: Forms and notices required to formally release claims
3. Original Contract: Copy of the contract that was subject to dispute
4. Dispute Timeline: CHRonological summary of key events in the dispute
Relevant legal definitions
Agreement
Claim
Confidential Information
Dispute
Effective Date
Initial Contract
Losses
Mediator
Original Agreement
Parties
Release
Settlement Amount
Settlement Date
Settlement Payment
Settlement Sum
Subject Matter
Third Party
Without Prejudice Communications
Working Day
Original Dispute
Payment Schedule
Release Date
Representatives
Settled Claims
Settlement Terms
Claim
Confidential Information
Dispute
Effective Date
Initial Contract
Losses
Mediator
Original Agreement
Parties
Release
Settlement Amount
Settlement Date
Settlement Payment
Settlement Sum
Subject Matter
Third Party
Without Prejudice Communications
Working Day
Original Dispute
Payment Schedule
Release Date
Representatives
Settled Claims
Settlement Terms
Clauses
Interpretation
Definitions
Settlement Terms
Payment Obligations
Release and Discharge
Confidentiality
Non-admission of Liability
Full and Final Settlement
Mutual Release
Representations and Warranties
Non-disparagement
Tax Treatment
Further Assurance
Costs
Entire Agreement
Severability
Variation
Assignment
Notices
Third Party Rights
Waiver
Governing Law
Jurisdiction
Counterparts
Force Majeure
Indemnification
Breach of Settlement
Alternative Dispute Resolution
Implementation Steps
Survival
Definitions
Settlement Terms
Payment Obligations
Release and Discharge
Confidentiality
Non-admission of Liability
Full and Final Settlement
Mutual Release
Representations and Warranties
Non-disparagement
Tax Treatment
Further Assurance
Costs
Entire Agreement
Severability
Variation
Assignment
Notices
Third Party Rights
Waiver
Governing Law
Jurisdiction
Counterparts
Force Majeure
Indemnification
Breach of Settlement
Alternative Dispute Resolution
Implementation Steps
Survival
Relevant Industries
Relevant Teams
Relevant Roles
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