Mediation Settlement Agreement Binding for Singapore

Mediation Settlement Agreement Binding Template for Singapore

A Mediation Settlement Agreement Binding under Singapore law is a legally enforceable document that records the terms of settlement reached between parties tHRough mediation. Governed by the Mediation Act 2017 and the Singapore Convention on Mediation Act 2020 (for international disputes), this agreement crystallizes the parties' obligations and rights following successful mediation. It includes detailed settlement terms, payment arrangements, confidentiality provisions, and enforcement mechanisms recognized under Singapore's legal framework.

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What is a Mediation Settlement Agreement Binding?

A Mediation Settlement Agreement Binding is utilized when parties have successfully resolved their dispute tHRough mediation and wish to formalize their settlement in a legally binding document. This agreement type is particularly relevant in Singapore's dispute resolution landscape, where mediation is actively encouraged as an alternative to litigation. The document comprehensively captures all agreed terms, including financial settlements, mutual obligations, and compliance requirements. Under Singapore law, such agreements are enforceable tHRough the courts and, if international, may be enforced across borders under the Singapore Convention on Mediation.

What sections should be included in a Mediation Settlement Agreement Binding?

1. Parties: Identification and details of all parties to the settlement

2. Background: Context of the dispute and mediation process

3. Definitions: Key terms used in the agreement

4. Settlement Terms: Specific terms agreed upon by the parties

5. Payment Terms: Details of any financial settlements

6. Confidentiality: Obligations regarding confidentiality of the settlement and mediation

7. Execution: Signing requirements and effective date

What sections are optional to include in a Mediation Settlement Agreement Binding?

1. Non-Admission of Liability: Statement that settlement does not constitute admission of liability

2. Future Dispute Resolution: Mechanism for resolving future disputes between parties for ongoing relationships

3. Non-Disparagement: Mutual agreements not to speak negatively about other parties, useful in sensitive or public-facing disputes

4. Tax Implications: Treatment of settlement payments for tax purposes when settlement involves significant financial components

What schedules should be included in a Mediation Settlement Agreement Binding?

1. Schedule of Payments: Detailed payment structure and timing

2. List of Released Claims: Specific claims being settled and released

3. Confidentiality Agreement: Detailed confidentiality terms if complex

4. Deed of Release: Formal release of claims when required

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Singapore

Publisher

Genie AI

Cost

Free to use
Relevant legal definitions
Industries

Mediation Act 2017: Primary legislation governing mediation in Singapore. Covers enforceability of mediated settlement agreements, framework for mediation conduct, confidentiality provisions, and requirements for valid mediation agreements.

Singapore Convention on Mediation Act 2020: Legislation implementing the Singapore Convention on Mediation for international settlement agreements. Provides framework for cross-border enforcement and sets requirements for international mediated settlements.

Contract Act (Cap. 53): Fundamental legislation governing contract formation, including common law principles and requirements for valid consideration in Singapore contracts.

Civil Law Act (Cap. 43): Legislation covering formalities of contracts, including requirements for writing and signatures in contractual agreements.

Evidence Act (Cap. 97): Legislation governing admissibility of evidence and confidentiality of mediation communications in legal proceedings.

Supreme Court of Judicature Act: Legislation covering enforcement mechanisms and court jurisdiction matters for mediated settlement agreements.

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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