A Monetary Settlement Agreement is utilized when parties wish to resolve a dispute or claim tHRough financial compensation in Singapore. This document is particularly relevant when parties seek to document the terms of settlement, including the settlement sum, payment schedule, and mutual releases. The agreement, governed by Singapore law, provides a comprehensive framework for implementing the settlement and ensures compliance with local legal requirements. It typically includes provisions for confidentiality, non-admission of liability, and dispute resolution mechanisms, offering parties a clear path to resolution while maintaining legal certainty.
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1. Parties: Identification and details of all parties to the agreement
2. Background: Context and circumstances leading to the settlement
3. Definitions: Key terms used tHRoughout the agreement
4. Settlement Amount: Specific amount and currency of the settlement
5. Payment Terms: Timeline, method, and conditions of payment
6. Release Provisions: Mutual release of claims and liabilities
7. Governing Law: Specification of Singapore law as governing law
1. Confidentiality: Terms of confidentiality and non-disclosure applicable when parties wish to keep settlement terms private
2. Non-Admission of Liability: Statement that settlement does not constitute admission of liability, typically included when requested by paying party
3. Tax Provisions: Treatment of tax implications when settlement has significant tax considerations
4. Dispute Resolution: Specific procedures for resolving disputes, included when parties want to specify alternative dispute resolution methods
1. Payment Schedule: Detailed breakdown of payment installments if applicable
2. Release Documents: Forms or documents to be executed upon settlement
3. Original Dispute Documents: Reference documents relating to the original dispute
4. Bank Details: Banking information for settlement payment
Relevant legal definitions
Agreement
Business Day
Claim
Completion Date
Confidential Information
Dispute
Effective Date
Encumbrance
Event of Default
Governing Law
Initial Payment
Interest Rate
Losses
Original Agreement
Parties
Payment Date
Payment Schedule
Receiving Party
Related Entities
Release
Settlement Amount
Settlement Payment
Settlement Period
Settling Party
Singapore Dollars
Taxes
Working Day
Business Day
Claim
Completion Date
Confidential Information
Dispute
Effective Date
Encumbrance
Event of Default
Governing Law
Initial Payment
Interest Rate
Losses
Original Agreement
Parties
Payment Date
Payment Schedule
Receiving Party
Related Entities
Release
Settlement Amount
Settlement Payment
Settlement Period
Settling Party
Singapore Dollars
Taxes
Working Day
Clauses
Definitions and Interpretation
Settlement Amount
Payment Terms
Release and Discharge
Confidentiality
Non-Admission of Liability
Representations and Warranties
Default and Remedies
Tax Treatment
Further Assurance
Assignment
Entire Agreement
Severability
Notices
Force Majeure
Amendment
Waiver
Counterparts
Third Party Rights
Costs and Expenses
Governing Law
Dispute Resolution
Settlement Amount
Payment Terms
Release and Discharge
Confidentiality
Non-Admission of Liability
Representations and Warranties
Default and Remedies
Tax Treatment
Further Assurance
Assignment
Entire Agreement
Severability
Notices
Force Majeure
Amendment
Waiver
Counterparts
Third Party Rights
Costs and Expenses
Governing Law
Dispute Resolution
Relevant Industries
Relevant Teams
Relevant Roles
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