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Short Settlement Agreement
"I need a Short Settlement Agreement under Singapore law to resolve a commercial dispute with my former business partner regarding unpaid consulting fees of SGD 50,000, with payment to be made in tHRee installments by March 2025."
1. Parties: Identification and details of all parties to the settlement
2. Background: Brief description of the dispute and circumstances leading to settlement
3. Definitions: Key terms used in the agreement
4. Settlement Terms: Core settlement provisions including payment terms and obligations
5. Release and Discharge: Mutual release of claims related to the dispute
6. Governing Law: Specification of Singapore law as governing law
1. Confidentiality: Terms regarding non-disclosure of settlement terms and related information
2. Non-admission: Statement that settlement does not constitute admission of liability by any party
3. Tax Implications: Provisions addressing the tax treatment of settlement payments
1. Payment Schedule: Detailed schedule of settlement payment terms and installments if applicable
2. Release Documentation: Forms or notices required to implement the settlement terms
3. Original Dispute Documents: Reference documents relating to the original dispute that form part of settlement context
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