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1. Parties: Full identification of all parties involved in the settlement, including registration numbers for companies and identification/passport numbers for individuals
2. Background: Recitals detailing the dispute's nature, any prior negotiations, and current status
3. Definitions: Key terms used tHRoughout the agreement
4. Settlement Terms: Detailed terms of settlement including payment amounts, timelines, and methods
5. Release and Discharge: Mutual release of claims related to the dispute
6. Confidentiality: Terms regarding confidentiality of the settlement and its 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. Include when party wishes to explicitly preserve position that no liability is admitted
2. Tax Implications: Treatment of tax consequences of settlement. Include when settlement involves significant monetary compensation
3. Non-Disparagement: Agreement not to make negative statements about other parties. Include in sensitive cases or where reputation management is important
4. Future Cooperation: Terms for ongoing relationship or cooperation. Include when parties will continue to have business relationships
1. Payment Schedule: Detailed breakdown of payment terms and installments if applicable
2. Release Documentation: Forms or documents to be executed to effect release
3. Dispute Documentation: Key documents relating to the underlying dispute
4. Corporate Authorizations: Board resolutions or other corporate approvals if parties are companies
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