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Release Of Liability Settlement Agreement
"I need a Release of Liability Settlement Agreement to resolve a workplace accident claim from March 2025, where my construction company will pay $50,000 to settle all claims related to a scaffolding incident with a subcontractor in Singapore."
1. Parties: Identification and details of all parties involved in the settlement
2. Background: Context of the dispute and circumstances leading to settlement
3. Definitions: Key terms used throughout the agreement
4. Settlement Terms: Core settlement provisions including payment terms if applicable
5. Release Provisions: Specific terms of release from liability
6. Governing Law: Specification of Singapore law as governing law
7. Execution: Signature blocks and execution requirements
1. Confidentiality: Terms of confidentiality regarding the settlement - used when parties wish to keep settlement terms private
2. Non-Disparagement: Provisions preventing parties from making negative statements - used in high-profile or sensitive settlements
3. Future Cooperation: Terms for ongoing relationship between parties - used when parties need to maintain business relationship
4. Insurance Provisions: Terms relating to insurance coverage - used when insurance is involved in the settlement
1. Schedule of Claims: Detailed list of claims being settled
2. Payment Schedule: Details of installment payments if settlement involves staged payments
3. Related Documents: Copies of relevant agreements or documents referenced in the main agreement
4. Authority Documentation: Evidence of authority to enter into settlement agreement
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