Waiver Of Future Claims Template for Singapore

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Key Requirements PROMPT example:

Waiver Of Future Claims

"Need a Waiver of Future Claims for an employee leaving our Singapore tech company on March 15, 2025, including waiver of potential IP claims and employment-related disputes, with consideration of SGD 50,000."

Document background
The Waiver of Future Claims is utilized when parties wish to preemptively address and release potential future claims arising from specific circumstances or relationships. Under Singapore law, this document requires careful drafting to ensure enforceability while balancing public policy considerations. It typically includes detailed descriptions of waived claims, acknowledgment of rights being surrendered, and confirmation of informed consent. The document is particularly relevant in settlement agreements, business transactions, and risk management contexts where parties seek to achieve finality in their legal relationships.
Suggested Sections

1. Parties: Identification of parties executing the waiver

2. Background: Context and circumstances leading to the waiver

3. Definitions: Key terms used in the document

4. Scope of Waiver: Specific claims being waived and extent of waiver

5. Consideration: Value exchanged for the waiver

6. Acknowledgments: Party's understanding of rights being waived

7. Governing Law: Specification of Singapore law as governing law

Optional Sections

1. Severability: Provision ensuring partial invalidity doesn't void entire agreement - recommended for complex waivers with multiple provisions

2. Third Party Rights: Addresses rights of non-parties to enforce waiver - used when waiver affects third party interests

3. Dispute Resolution: Specifies process for resolving disputes - recommended for high-value or complex waivers

Suggested Schedules

1. Schedule of Specific Claims: Detailed list of claims being waived

2. Schedule of Related Agreements: List of agreements affected by the waiver

3. Legal Advice Certificate: Confirmation that independent legal advice was received

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

Industries

Singapore Contract Law: Common law principles governing contract formation, validity, and enforcement in Singapore, including basic elements of offer, acceptance, consideration, and intention to create legal relations

Contract Act (Cap. 53): Primary legislation governing contractual relationships in Singapore, providing statutory framework for contract formation and enforcement

Unfair Contract Terms Act (Cap. 396): Legislation regulating unfair terms in contracts, particularly relevant for ensuring waiver terms are not unreasonably broad or unconscionable

Civil Law Act (Cap. 43): Statutory provisions relating to civil law matters including waivers and releases, defining the scope and limitations of legal releases

Limitation Act (Cap. 163): Legislation governing time limits for bringing claims, affecting the validity and scope of future claim waivers

Public Policy Doctrine: Legal principle requiring that waivers must not contravene public policy or attempt to waive fundamental rights protected by law

Unconscionability Doctrine: Legal principle protecting against unfair advantage where one party's bargaining power is impaired or terms are extraordinarily one-sided

Informed Consent Requirements: Legal principle requiring that parties must have full understanding of rights being waived and consequences of the waiver

Singapore Case Law on Waivers: Relevant court decisions and precedents establishing principles for enforcement and interpretation of waiver agreements in Singapore

Statutory Rights Protection: Legal principle establishing that certain statutory rights cannot be waived, regardless of contractual agreement

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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