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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
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