Document background
A Mediation Settlement Agreement Binding is utilized when parties have successfully resolved their dispute tHRough mediation and wish to formalize their settlement in a legally binding document. This agreement type is particularly relevant in Singapore's dispute resolution landscape, where mediation is actively encouraged as an alternative to litigation. The document comprehensively captures all agreed terms, including financial settlements, mutual obligations, and compliance requirements. Under Singapore law, such agreements are enforceable tHRough the courts and, if international, may be enforced across borders under the Singapore Convention on Mediation.
