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Release Of Liability Settlement Agreement Template for Singapore

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Key Requirements PROMPT example:

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."

Document background
The Release Of Liability Settlement Agreement is a crucial legal instrument used in Singapore when parties wish to resolve disputes without proceeding to litigation or to terminate existing legal proceedings. This document is particularly relevant when there are actual or potential claims arising from incidents, accidents, or contractual disputes. The agreement typically includes detailed terms of settlement, specific releases from liability, confidentiality provisions if required, and is drafted in compliance with Singapore's legal framework, including the Civil Law Act and Unfair Contract Terms Act.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions


















Clauses


















Industries

Civil Law Act (Cap. 43): Core legislation governing contracts and civil obligations in Singapore, including requirements for valid consideration and contract enforceability

Limitation Act (Cap. 163): Legislation setting time limits for bringing claims and establishing statutory limitations on liability

Unfair Contract Terms Act (Cap. 396): Law governing restrictions on exclusion clauses, reasonableness test for liability limitations, and consumer protection provisions

Common Law Contract Principles: Fundamental principles including contract formation requirements (offer, acceptance, consideration, intention) and doctrine of privity of contract

Evidence Act (Cap. 97): Legislation governing requirements for documenting settlements and admissibility of evidence

Personal Data Protection Act 2012: Law governing the collection, use, and disclosure of personal data in Singapore, relevant if personal information is part of the settlement

Industry-Specific Regulations: Additional regulations that may apply depending on the subject matter of the settlement agreement

Capacity Requirements: Legal principles regarding parties' capacity to enter into contracts and settlements

Voluntariness Doctrine: Legal principle ensuring settlement agreements are entered into freely and without coercion

Settlement Clarity Principles: Legal requirements for clear and unambiguous terms in settlement agreements, including full and final settlement provisions

Severability Doctrine: Legal principle allowing invalid provisions to be severed while maintaining the validity of the remaining agreement

Confidentiality Requirements: Legal principles governing confidentiality provisions in settlement agreements

Legal Representation Acknowledgment: Requirements for acknowledging parties' rights to and/or actual legal representation in settlement agreements

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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