Agreement And Release Template for Singapore

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Key Requirements PROMPT example:

Agreement And Release

"I need an Agreement And Release to settle an employment dispute with a former employee who left our Singapore office in January 2025, including confidentiality provisions and a settlement payment of SGD 50,000."

Document background
An Agreement And Release is commonly used in Singapore when parties wish to resolve disputes or terminate relationships while ensuring legal certainty. This document serves dual purposes: it establishes new obligations between parties while simultaneously releasing certain past claims or rights. It's particularly valuable in employment terminations, commercial dispute settlements, and insurance claim resolutions. Under Singapore law, such agreements must be properly executed and supported by valid consideration to be enforceable.
Suggested Sections

1. Parties: Identifies and defines the parties to the agreement

2. Background: Sets out the context and circumstances leading to the agreement

3. Definitions: Defines key terms used throughout the agreement

4. Release Provisions: Details the specific claims or rights being released

5. Consideration: Specifies what is being given in exchange for the release

6. Governing Law: Specifies Singapore law as governing law

7. Execution: Signature blocks and execution formalities

Optional Sections

1. Confidentiality: Used when parties need to keep the terms of the agreement and release confidential

2. Non-Disparagement: Prevents parties from making negative statements about each other, typically used in employment-related releases

3. Future Cooperation: Sets out obligations for parties to assist in future matters if needed

4. Return of Property: Specifies requirements for returning any physical or intellectual property

Suggested Schedules

1. Schedule of Released Claims: Detailed list of specific claims being released

2. Schedule of Consideration: Details of payment or other consideration being provided

3. Schedule of Returned Items: List of items to be returned between parties, if applicable

4. Form of Announcement: Agreed form of any public statements regarding the agreement

Authors

Alex Denne

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

Industries

Contract Act (Cap. 53): Primary legislation governing basic contract formation, validity, and enforcement in Singapore. Establishes fundamental principles of offer, acceptance, consideration, and contractual obligations.

Civil Law Act (Cap. 43): Fundamental legislation dealing with contractual obligations and civil law remedies in Singapore. Important for determining available remedies and enforcement options.

Limitation Act (Cap. 163): Sets statutory time limits for bringing claims and enforcement actions. Critical for including appropriate time-bar provisions and understanding enforcement periods.

Personal Data Protection Act 2012 (PDPA): Governs the collection, use, and disclosure of personal data. Essential if the agreement involves handling personal information, including consent requirements and data protection obligations.

Unfair Contract Terms Act (Cap. 396): Regulates the use of exclusion and limitation clauses in contracts. Ensures terms are reasonable and enforceable, particularly regarding liability limitations.

Electronic Transactions Act (Cap. 88): Provides legal framework for electronic transactions and digital signatures. Relevant if the agreement will be executed or managed electronically.

Industry-Specific Regulations: Various regulatory requirements depending on the subject matter of the agreement (e.g., employment law, consumer protection, financial services regulations).

Stamp Duties Act (Cap. 312): Governs stamp duty requirements for certain types of agreements in Singapore. Important for compliance with tax obligations and document validity.

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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