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Interim Settlement Agreement
"Need an Interim Settlement Agreement under Singapore law to resolve an ongoing construction dispute with our contractor, including staged payments over 6 months starting March 2025 and provisions for continued work during the settlement period."
1. Parties: Identification and details of all parties to the settlement
2. Background: Context of the dispute and reason for settlement
3. Definitions: Key terms used tHRoughout the agreement
4. Settlement Terms: Core settlement provisions including payment terms, timelines
5. Release Provisions: Mutual releases and waivers of claims
6. Confidentiality: Obligations regarding confidentiality of settlement terms
1. Non-admission of Liability: Statement clarifying that the settlement does not constitute admission of liability by any party
2. Tax Provisions: Provisions addressing the tax treatment of settlement payments and responsibilities
3. Non-disparagement: Clauses prohibiting parties from making negative statements about each other
1. Payment Schedule: Detailed breakdown of settlement payments and timing
2. Form of Release: Template for formal release documents
3. Pending Claims List: Comprehensive list of claims being settled under the agreement
4. Required Actions: Specific steps parties must take to implement settlement
Authors
Business Day
Claim
Commencement Date
Confidential Information
Dispute
Effective Date
Interim Period
Interim Payment
Interim Terms
Losses
Original Agreement
Parties
Payment Schedule
Pending Claims
Related Entities
Released Claims
Settlement Amount
Settlement Period
SGD
Singapore Dollars
Subsidiary
Subject Matter
Underlying Dispute
Without Prejudice
Completion Date
Governing Law
Initial Payment
Interest Rate
Liability
Material Breach
Notice
Termination Date
Working Hours
Intellectual Property Rights
Licensed Products
Property
Services
Territory
Transaction Documents
Definitions
Interim Payment Terms
Settlement Terms
Payment Schedule
Release of Claims
Without Prejudice
Non-admission of Liability
Confidentiality
Non-disparagement
Further Assurance
Implementation
Conditions Precedent
Interim Obligations
Representations and Warranties
Notice Requirements
Force Majeure
Assignment
Severability
Entire Agreement
Amendment and Variation
Waiver
Costs
Counterparts
Third Party Rights
Governing Law
Dispute Resolution
Jurisdiction
Tax Provisions
Currency and Exchange
Interest
Set-off
Insurance
Intellectual Property
Data Protection
Regulatory Compliance
Anti-corruption
Time of Essence
Good Faith
Joint and Several Liability
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