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Compromise Settlement Agreement
"Need a Compromise Settlement Agreement under Singapore law to resolve a commercial dispute with our supplier ABC Manufacturing Ltd, with a settlement sum of SGD 500,000 to be paid in tHRee installments tHRoughout 2025, including strict confidentiality provisions."
1. Parties: Identification and details of all parties to 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 and obligations
5. Release and Discharge: Mutual release of claims and obligations
6. Governing Law: Specification of Singapore law as governing law
7. Execution: Signature blocks and execution provisions
1. Confidentiality: Terms of confidentiality regarding the settlement details and negotiations
2. Non-admission of Liability: Statement that settlement does not constitute admission of liability by any party
3. Tax Provisions: Treatment of tax implications of settlement payments and obligations
4. Non-disparagement: Mutual agreements not to speak negatively about other parties
5. Further Assurance: Obligation to execute further documents or take additional steps if needed
6. Costs: Allocation of legal costs and settlement expenses
1. Payment Schedule: Detailed breakdown of payment amounts, dates, and methods of payment
2. Claims Schedule: Comprehensive list of specific claims being settled and released
3. Documents Schedule: List of relevant documents referenced in or forming part of the settlement
4. Deed of Release: Form of release document to be executed by parties
5. Settlement Calculation Schedule: Detailed calculations of settlement amounts including interest if applicable
Authors
Claim
Confidential Information
Dispute
Effective Date
Losses
Original Proceedings
Parties
Payment
Release
Settlement Sum
Settlement Terms
Subject Matter
Working Day
Related Entities
Representatives
Completion Date
Proceedings
Released Claims
Released Parties
Outstanding Claims
Liability
Obligations
Governing Law
Jurisdiction
Business Day
Costs
Dispute Resolution Process
Legal Representatives
Mediation
Definitions
Settlement Terms
Payment Obligations
Release and Discharge
Confidentiality
Non-admission of Liability
Non-disparagement
Tax Implications
Costs
Legal Fees
Warranties and Representations
Further Assurance
Entire Agreement
Severability
Variation
Assignment
Third Party Rights
Notices
Force Majeure
Governing Law
Jurisdiction
Dispute Resolution
Counterparts
Execution
Authority to Sign
Time of Essence
Waiver
Survival
Breach and Remedies
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