Document background
A Civil Lawsuit Settlement Agreement is utilized when parties involved in civil litigation in Singapore decide to resolve their dispute outside of court. This document serves as the formal record of the settlement terms, typically arising after negotiations or mediation. It includes crucial elements such as settlement amounts, payment schedules, mutual releases, and confidentiality provisions. The agreement must comply with Singapore's legal framework, including the Civil Law Act, Evidence Act, and Rules of Court 2021. It provides certainty and finality to the dispute while often saving time and costs compared to full litigation.
