Document background
The Settlement Agreement And Release Of All Claims is a critical legal instrument used in Malaysian business and civil contexts to formally conclude disputes between parties. It is typically employed when parties wish to avoid or terminate litigation, resolve employment disputes, settle commercial disagreements, or conclude any type of legal claim. The document comprehensively addresses the settlement terms, including monetary compensation, mutual releases, and any continuing obligations, while ensuring compliance with Malaysian legislation including the Contracts Act 1950 and Civil Law Act 1956. This agreement type is particularly valuable in providing certainty and finality to disputes, as it includes provisions for the release of both known and unknown claims, confidentiality terms where required, and specific mechanisms for implementing the settlement terms.
