Document background
The Release And Indemnity Agreement is a crucial legal instrument in Singapore's commercial landscape, commonly used when parties seek to resolve disputes, conclude business relationships, or protect against future liabilities. This document serves dual purposes: it releases one party from specified claims or obligations while simultaneously establishing indemnification provisions to protect against future claims. Under Singapore law, such agreements must be carefully drafted to ensure enforceability and compliance with local legislation, including the Contract Act and Unfair Contract Terms Act.
