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Mutual Release And Settlement Agreement
"Need a Mutual Release and Settlement Agreement under Singapore law to resolve an IP dispute between our tech company and a former contractor, including confidentiality provisions and a payment schedule for settlement amount of SGD 250,000 to be paid by March 2025."
1. Parties: Identification and details of all parties to the agreement
2. Background: Context of the dispute and reason for settlement
3. Definitions: Key terms used tHRoughout the agreement
4. Settlement Terms: Core settlement provisions including payment terms and timing
5. Mutual Release: Language releasing all claims between parties
6. Confidentiality: Obligations regarding non-disclosure of settlement terms
7. Governing Law: Specification of Singapore law as governing law
1. Non-Admission of Liability: Statement that settlement does not constitute admission of liability - used when party wants to explicitly deny liability while settling
2. Non-Disparagement: Provisions preventing parties from making negative statements about each other - used in high-profile or sensitive disputes
3. Return of Property: Provisions for returning documents or property - used when physical items or documents need to be exchanged
4. Tax Implications: Treatment of settlement payments for tax purposes - used when settlement involves significant monetary compensation
1. Payment Schedule: Detailed breakdown of settlement payments and timing
2. List of Released Claims: Specific claims being released tHRough the settlement
3. Related Proceedings: List of legal proceedings being terminated
4. Form of Announcement: Agreed public statement about settlement if applicable
Authors
Claim
Confidential Information
Dispute
Effective Date
Parties
Released Claims
Released Parties
Settlement Amount
Settlement Payment
Settlement Period
Underlying Agreement
Working Day
Related Entities
Proceeding
Representative
Material Breach
Losses
Dispute Resolution Process
Completion Date
Governing Law
Jurisdiction
Force Majeure Event
Intellectual Property Rights
Liabilities
Payment Terms
Confidentiality
Non-Admission of Liability
Non-Disparagement
Warranties and Representations
Further Assurance
Entire Agreement
Severability
Assignment
Amendment
Notices
Force Majeure
Governing Law
Dispute Resolution
Costs
Third Party Rights
Waiver
Counterparts
Authority to Execute
Tax Treatment
Implementation
Binding Effect
Cooperation
Dismissal of Proceedings
Return of Property
Indemnification
Time of Essence
Survival
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