Document background
A Deed of Settlement and Release is utilized when parties wish to formally document the resolution of a dispute and prevent future claims arising from the same matter. This document is particularly important in Singapore's business environment, where formal settlement documentation is crucial for legal certainty. The deed includes specific terms of settlement, releases, warranties, and often confidentiality provisions. It must comply with Singapore's formal requirements for deeds and is commonly used in commercial disputes, employment matters, and contractual disagreements. The document provides finality and certainty to all parties involved, effectively preventing future litigation on the settled matters.
