High Low Settlement Agreement Template for Singapore

The High Low Settlement Agreement is a strategic dispute resolution tool commonly used in Singapore when parties wish to limit their risk exposure while preserving the opportunity for a favorable outcome. This agreement type establishes floor and ceiling amounts for the ultimate settlement, providing certainty about maximum exposure for defeNDAnts and minimum recovery for plaintiffs. In Singapore's commercial environment, these agreements are particularly valuable in cases involving insurance claims, personal injury matters, or commercial disputes where parties seek to manage their litigation risks while maintaining flexibility in the final settlement amount.

1. Parties: Identification of settling parties and their legal details

2. Background: Context of the dispute and reason for settlement

3. Definitions: Key terms used in the agreement

4. High-Low Parameters: Specified minimum and maximum settlement amounts

5. Payment Terms: Timing and method of payment

6. Release Provisions: Mutual releases and waiver of claims

7. Governing Law: Specification of Singapore law as governing law