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Global Settlement Agreement
"Need a Global Settlement Agreement under Singapore law to resolve multiple IP disputes with our former technology partner, including ongoing patent litigation and licensing disagreements, with settlement payments to be made in installments starting March 2025."
1. Parties: Identification and details of all parties to the settlement
2. Background: Context of the dispute and reasons for 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 releases and waivers of claims
6. Confidentiality: Obligations regarding confidentiality of settlement terms
7. Governing Law: Specification of Singapore law as governing law
8. Execution: Signature blocks and execution provisions
1. Non-Admission: Statement that settlement does not constitute admission of liability
2. Tax Provisions: Treatment of settlement payments for tax purposes
3. Non-Disparagement: Provisions preventing parties from making negative statements
4. Dispute Resolution: Mechanism for resolving future disputes
1. Payment Schedule: Detailed breakdown of settlement payments and timing
2. Release Documents: Forms of release to be executed by parties
3. Related Proceedings: List of legal proceedings to be discontinued
4. Settlement Statement: Agreed public statement regarding settlement (if applicable)
Authors
Business Day
Claim
Confidential Information
Dispute
Effective Date
Encumbrance
Execution Date
Group
Law
Losses
Material Adverse Effect
Party
Parties
Payment
Proceeding
Related Companies
Release
Representative
Settlement Amount
Settlement Payment
Settlement Period
Singapore Dollars
Subsidiary
Tax
Third Party
Transaction Documents
Working Day
Settlement Terms
Payment Obligations
Release and Discharge
Confidentiality
Non-Admission of Liability
Non-Disparagement
Warranties and Representations
Tax Treatment
Costs
Further Assurance
Assignment
Entire Agreement
Severability
Variation
Waiver
Notices
Third Party Rights
Counterparts
Force Majeure
Governing Law
Jurisdiction
Dispute Resolution
Termination
Indemnification
Compliance with Laws
Time of the Essence
Survival
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