Settlement NDA Generator for Singapore

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Key Requirements PROMPT example:

Settlement NDA

"I need a Settlement NDA to formalize a resolution of an IP dispute with a former employee, ensuring they cannot disclose our trade secrets or the terms of our settlement payment, to be effective from March 1, 2025."

Document background

A Settlement NDA is crucial in situations where parties are resolving a dispute and need to maintain confidentiality about both the settlement terms and any sensitive information disclosed during the dispute or settlement process. This document, governed by Singapore law, provides comprehensive protection for confidential information while formalizing the settlement terms. It's particularly relevant in commercial disputes, employment matters, or any situation where protecting sensitive information is paramount alongside dispute resolution. The document typically includes detailed confidentiality obligations, settlement terms, and enforcement mechanisms compliant with Singapore's legal framework.

Suggested Sections

1. Parties: Identification and details of all parties to the agreement

2. Background: Context of the dispute and reason for settlement

3. Definitions: Key terms used tHRoughout the agreement, including definition of Confidential Information

4. Settlement Terms: Specific terms of the settlement agreement including payment terms if applicable

5. Confidentiality Obligations: Scope, nature and duration of confidentiality requirements

6. Term and Survival: Duration of the agreement and which obligations survive termination

7. Governing Law and Jurisdiction: Specification of Singapore law as governing law and jurisdiction for disputes

Optional Sections

1. Non-Disparagement: Provisions preventing parties from making negative statements about each other, typically used in high-profile disputes or employment-related settlements

2. Return of Materials: Provisions for returning or destroying confidential materials, used when physical or electronic materials need to be returned

3. Third Party Rights: Rights of third parties under the agreement, included when third parties have interests in the settlement

4. Data Protection: Specific provisions relating to personal data protection under PDPA, included when personal data is involved

Suggested Schedules

1. Schedule 1 - Confidential Information: Detailed list of information deemed confidential under the agreement

2. Schedule 2 - Settlement Payment Details: Detailed payment terms, amounts, and schedule if monetary settlement is involved

3. Schedule 3 - Form of Release: Template for mutual release of claims between the parties

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Technology
Financial Services
Manufacturing
Professional Services
Healthcare

Relevant Teams

Legal
Human Resources
Finance
Compliance
Executive Management

Relevant Roles

Chief Executive Officer
General Counsel
Human Resources Director
Chief Financial Officer
Compliance Officer

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Let's create your Settlement NDA

Authors

Alex Denne

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