A Covenant Not To Sue Settlement Agreement is commonly used in Singapore when parties wish to resolve existing or potential disputes without resorting to litigation. This document is particularly valuable in commercial disputes where maintaining business relationships is crucial. The agreement combines elements of both settlement and covenant not to sue, providing comprehensive protection under Singapore law. It typically includes detailed terms about the scope of claims being released, consideration provided, and any ongoing obligations. This type of agreement is especially relevant in Singapore's business-friendly environment where alternative dispute resolution is encouraged.
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1. Parties: Identification and details of all parties involved in the agreement
2. Background: Context of the dispute and reasons for settlement
3. Definitions: Key terms used tHRoughout the agreement
4. Covenant Not to Sue: Core provision containing the promise not to initiate legal proceedings
5. Consideration: Details of the settlement amount or other consideration
6. Release: Scope of claims being released
7. Governing Law: Specification of Singapore law as governing law
1. Confidentiality: Terms regarding confidentiality of settlement terms - used when parties wish to keep settlement terms private
2. Non-Disparagement: Mutual agreements not to speak negatively about other parties - used in high-profile or sensitive disputes
3. Future Cooperation: Terms for ongoing relationship between parties - used when parties need to maintain business relationship
4. Tax Implications: Treatment of settlement payments for tax purposes - used when settlement involves significant monetary compensation
1. Schedule of Released Claims: Detailed list of specific claims being released
2. Payment Schedule: Details of installment payments if settlement involves staged payments
3. Related Proceedings: List of any related legal proceedings affected by the agreement
4. Form of Release: Standard form for executing the release of claims
Relevant legal definitions
Agreement
Claim
Consideration
Covenant Not to Sue
Effective Date
Dispute
Losses
Original Proceedings
Parties
Released Claims
Released Matters
Released Party
Releasing Party
Settlement Sum
Subject Matter
Third Party Rights
Working Day
Confidential Information
Related Entities
Representatives
Governing Law
Business Day
Completion Date
Payment Date
Related Proceedings
Claim
Consideration
Covenant Not to Sue
Effective Date
Dispute
Losses
Original Proceedings
Parties
Released Claims
Released Matters
Released Party
Releasing Party
Settlement Sum
Subject Matter
Third Party Rights
Working Day
Confidential Information
Related Entities
Representatives
Governing Law
Business Day
Completion Date
Payment Date
Related Proceedings
Clauses
Recitals
Definitions and Interpretation
Covenant Not to Sue
Release and Discharge
Settlement Payment
Consideration
Confidentiality
Non-Disparagement
Warranties and Representations
No Admission of Liability
Further Assurance
Entire Agreement
Severability
Assignment
Third Party Rights
Costs
Notices
Force Majeure
Waiver
Amendment
Counterparts
Governing Law
Dispute Resolution
Indemnification
Tax Treatment
Binding Effect
Authority to Execute
Definitions and Interpretation
Covenant Not to Sue
Release and Discharge
Settlement Payment
Consideration
Confidentiality
Non-Disparagement
Warranties and Representations
No Admission of Liability
Further Assurance
Entire Agreement
Severability
Assignment
Third Party Rights
Costs
Notices
Force Majeure
Waiver
Amendment
Counterparts
Governing Law
Dispute Resolution
Indemnification
Tax Treatment
Binding Effect
Authority to Execute
Relevant Industries
Relevant Teams
Relevant Roles
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