The Full Release Of All Claims With Indemnity is a critical legal instrument used in Singapore when parties seek to achieve a complete and final settlement of all disputes, claims, and potential claims between them. This document is particularly relevant following disputes, transactions, or terminations where parties wish to ensure a clean break and protect against future claims. It combines a comprehensive release with indemnification provisions, making it especially suitable for complex commercial situations where potential third-party claims need to be addressed. The document must comply with Singapore's Civil Law Act, Limitation Act, and relevant common law principles.
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Key Requirements PROMPT example:
Full Release Of All Claims With Indemnity
"I need a Full Release Of All Claims With Indemnity to settle an ongoing commercial dispute with my former business partner regarding our joint venture in Singapore, with specific provisions for protecting against future intellectual property claims and including a confidentiality clause."
1. Parties: Identifies and defines all parties to the release
2. Background: Outlines the context and circumstances leading to the release
3. Definitions: Defines key terms used throughout the document
4. Release Provisions: Details the specific claims being released and scope of release
5. Indemnification: Specifies indemnity obligations and scope
6. Consideration: States the consideration being provided for the release
7. Governing Law: Specifies Singapore law as governing law
1. Confidentiality: Include when parties wish to keep the terms of the release and underlying dispute confidential
2. Non-Disparagement: Prevents parties from making negative statements about each other, typically used in employment or business relationship releases
3. Future Cooperation: Sets out obligations for future cooperation between parties where ongoing relationship or obligations exist
4. Return of Property: Provisions for returning physical or intellectual property and documents between parties
1. Schedule of Released Claims: Detailed list of specific claims being released
2. Schedule of Excluded Claims: List of claims specifically excluded from the release
3. Payment Schedule: Details of payment terms if consideration involves monetary payments
4. Property Schedule: List of property to be returned or transferred between parties
Authors
Relevant legal definitions
Agreement
Claims
Confidential Information
Effective Date
Indemnified Parties
Indemnifying Party
Losses
Parties
Released Claims
Released Matters
Released Party
Releasing Party
Representatives
Settlement Amount
Subject Matter
Third Party Claims
Transaction Documents
Unknown Claims
Warranties
Related Entities
Affiliate
Business Day
Dispute
Encumbrance
Governing Law
Liability
Material Adverse Effect
Original Agreement
Person
Proceedings
Claims
Confidential Information
Effective Date
Indemnified Parties
Indemnifying Party
Losses
Parties
Released Claims
Released Matters
Released Party
Releasing Party
Representatives
Settlement Amount
Subject Matter
Third Party Claims
Transaction Documents
Unknown Claims
Warranties
Related Entities
Affiliate
Business Day
Dispute
Encumbrance
Governing Law
Liability
Material Adverse Effect
Original Agreement
Person
Proceedings
Clauses
Interpretation
Release of Claims
Scope of Release
Indemnification
Consideration
Acknowledgments
Representations and Warranties
Confidentiality
Non-Disparagement
Cooperation
Return of Property
No Admission of Liability
Tax Matters
Binding Effect
Entire Agreement
Severability
Assignment
Amendment
Waiver
Notices
Costs and Expenses
Further Assurance
Counterparts
Third Party Rights
Governing Law
Dispute Resolution
Release of Claims
Scope of Release
Indemnification
Consideration
Acknowledgments
Representations and Warranties
Confidentiality
Non-Disparagement
Cooperation
Return of Property
No Admission of Liability
Tax Matters
Binding Effect
Entire Agreement
Severability
Assignment
Amendment
Waiver
Notices
Costs and Expenses
Further Assurance
Counterparts
Third Party Rights
Governing Law
Dispute Resolution
Relevant Industries
Relevant Teams
Relevant Roles
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