Download Business Release Form - Singapore

Business Release Form for Singapore

Business Release Form Template for Singapore

A Business Release Form under Singapore law is a legally binding document that releases one party from claims, liabilities, or obligations related to specific business matters. It complies with Singapore's Civil Law Act and relevant business legislation, incorporating necessary provisions for valid contract formation, consideration, and enforceability. The document typically includes specific terms of release, indemnification provisions, and may address confidentiality and non-disparagement obligations.

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What is a Business Release Form?

The Business Release Form is a crucial document in Singapore's business landscape, used when companies need to formally discharge other parties from specific obligations, claims, or liabilities. It serves as a risk management tool, providing legal certainty in business transactions and dispute resolutions. The document must comply with Singapore's contract law requirements and typically includes detailed release provisions, consideration terms, and may incorporate confidentiality clauses. This form is particularly important in business settlements, transactions, or when concluding business relationships.

What sections should be included in a Business Release Form?

1. Parties: Identification of the releasing and released parties, including their legal status and registered addresses

2. Background: Context and circumstances leading to the release, including relevant business relationship history

3. Definitions: Key terms and expressions used throughout the release form

4. Release Terms: Specific rights, claims, and liabilities being released, including scope and extent of the release

5. Consideration: Details of the value or consideration being provided in exchange for the release

6. Representations and Warranties: Statements of fact and assurances made by the parties

7. Execution: Signature blocks, witnessing requirements, and execution formalities

What sections are optional to include in a Business Release Form?

1. Confidentiality: Terms regarding the treatment of confidential information and trade secrets

2. Non-disparagement: Provisions preventing parties from making negative statements about each other

3. Dispute Resolution: Procedures for resolving any future disputes, including jurisdiction and governing law

4. Survival Clause: Provisions that continue to remain effective after the release

What schedules should be included in a Business Release Form?

1. Schedule 1 - Released Claims: Detailed itemization of specific claims, rights, and causes of action being released

2. Schedule 2 - Released Parties: Comprehensive list of all parties covered by the release, including affiliated entities

3. Schedule 3 - Assets: List of specific assets, properties, or rights involved in the release (if applicable)

4. Schedule 4 - Excluded Claims: List of claims or rights specifically excluded from the release (if any)

Authors

Alex Denne

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

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Consent To Share Information

A Singaporean legal document authorizing personal data sharing with third parties under specific conditions.

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What is a Business Release Form?

What sections should be included in a Business Release Form?

What sections are optional to include in a Business Release Form?

What schedules should be included in a Business Release Form?

Authors

Alex Denne

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