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Pre Litigation Settlement Agreement
"Need a Pre Litigation Settlement Agreement to resolve a construction defect dispute with our contractor, with payment to be made in tHRee installments by March 2025, and including strict confidentiality provisions."
1. Parties: Full identification of all parties involved in the settlement, including registration numbers for companies and identification/passport numbers for individuals
2. Background: Recitals detailing the dispute's nature, any prior negotiations, and current status
3. Definitions: Key terms used tHRoughout the agreement
4. Settlement Terms: Detailed terms of settlement including payment amounts, timelines, and methods
5. Release and Discharge: Mutual release of claims related to the dispute
6. Confidentiality: Terms regarding confidentiality of the settlement and its terms
7. Governing Law: Specification of Singapore law as governing law
1. Non-Admission of Liability: Statement that settlement does not constitute admission of liability. Include when party wishes to explicitly preserve position that no liability is admitted
2. Tax Implications: Treatment of tax consequences of settlement. Include when settlement involves significant monetary compensation
3. Non-Disparagement: Agreement not to make negative statements about other parties. Include in sensitive cases or where reputation management is important
4. Future Cooperation: Terms for ongoing relationship or cooperation. Include when parties will continue to have business relationships
1. Payment Schedule: Detailed breakdown of payment terms and installments if applicable
2. Release Documentation: Forms or documents to be executed to effect release
3. Dispute Documentation: Key documents relating to the underlying dispute
4. Corporate Authorizations: Board resolutions or other corporate approvals if parties are companies
Authors
Business Day
Claim
Confidential Information
Dispute
Effective Date
Litigation
Losses
Parties
Payment
Release
Representatives
Settlement Sum
Settlement Terms
Singapore Dollars
Subject Matter
Third Party
Working Day
Underlying Dispute
Related Entities
Completion Date
Costs
Payment Date
Released Claims
Released Matters
Payment Obligations
Release and Discharge
Confidentiality
Non-Admission of Liability
Representations and Warranties
Further Assurance
Entire Agreement
Severability
Amendments
Notices
Assignment
Third Party Rights
Costs and Expenses
Waiver
Non-Disparagement
Governing Law
Jurisdiction
Dispute Resolution
Force Majeure
Counterparts
Time of Essence
Tax Matters
Authority to Execute
Completion Requirements
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