Document background
A Claim Release Letter is commonly used in Singapore when parties wish to formally settle disputes and prevent future litigation. This document is particularly relevant when resolving commercial disputes, employment matters, or personal injury claims. The letter must comply with Singapore's legal requirements and typically includes detailed information about the parties involved, the specific claims being released, the consideration being provided, and any conditions of the release. The document serves as a final settlement of claims and, once executed, prevents the releasor from pursuing future legal action regarding the specified claims. This type of release is particularly important in Singapore's business environment, where efficient dispute resolution is highly valued.
