Legal Templates
Mutual Release Of Claims Agreement

Mutual Release Of Claims Agreement Template for Singapore

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Key Requirements PROMPT example:

Mutual Release Of Claims Agreement

"Need a Mutual Release Of Claims Agreement between my tech company and a former contractor to settle ongoing IP disputes, ensuring all claims related to software development work performed between January 2025 and June 2025 are fully released with a confidentiality clause."

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What is a Mutual Release Of Claims Agreement?

A Mutual Release Of Claims Agreement is commonly used in Singapore when parties wish to resolve existing disputes or potential claims without pursuing litigation. This document is particularly valuable following settlements, business separations, or employment terminations. It provides comprehensive protection by having all parties release claims against each other, typically including known and unknown claims up to the date of signing. The agreement must comply with Singapore contract law requirements and includes essential elements such as consideration, clear release terms, and proper execution formalities.

What sections should be included in a Mutual Release Of Claims Agreement?

1. Parties: Identification of all parties entering into the release agreement

2. Background: Context of the dispute or claims being released

3. Definitions: Key terms used throughout the agreement

4. Release Provisions: Specific claims being released by each party

5. Consideration: Statement of consideration being exchanged

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

What sections are optional to include in a Mutual Release Of Claims Agreement?

1. Non-Disparagement: Mutual agreement not to make negative statements about other party - used when protecting reputation is important

2. Confidentiality: Obligations to keep terms of settlement confidential - used when parties want to maintain privacy of settlement

3. Future Cooperation: Provisions for ongoing relationship if any - used when parties will continue to interact

4. Tax Implications: Treatment of tax consequences - used when settlement involves significant monetary consideration

What schedules should be included in a Mutual Release Of Claims Agreement?

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 and timeline if settlement involves monetary compensation

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

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Industries

Civil Law Act (Cap. 43): Primary legislation governing contract law principles in Singapore, providing the fundamental framework for contract formation, enforcement, and remedies

Unfair Contract Terms Act (Cap. 396): Regulates unfair terms in contracts and limits the extent to which civil liability can be excluded or restricted by contract terms

Limitation Act (Cap. 163): Sets statutory time limits for bringing claims, with a 6-year limitation period for contractual claims. Relevant for ensuring release doesn't attempt to waive claims beyond statutory limitation periods

Evidence Act (Cap. 97): Governs the admissibility of evidence in Singapore courts, relevant for how claims and evidence are treated in legal proceedings

Specific Relief Act (Cap. 321): Provides for specific remedies and enforcement of contractual rights in Singapore legal system

Personal Data Protection Act 2012: Governs the collection, use, and disclosure of personal data. Relevant if the release agreement involves handling of personal information

Mediation Act 2017: Relevant if the release is part of a mediated settlement, providing framework for mediation proceedings and enforcement of mediated settlements

Consumer Protection (Fair Trading) Act: Protects consumer interests and ensures fair trading practices. Applicable if one party to the release agreement is a consumer

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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