Release And Discharge Agreement Template for Singapore

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Key Requirements PROMPT example:

Release And Discharge Agreement

"I need a Release and Discharge Agreement under Singapore law to formalize a settlement with a former employee who is leaving our company on March 15, 2025, including confidentiality and non-disparagement provisions, with a settlement amount of SGD 50,000."

What is a Release And Discharge Agreement?

A Release and Discharge Agreement is commonly used in Singapore when parties wish to formally settle disputes or potential claims and create a legally binding record of that settlement. This document is particularly important in commercial, employment, and personal injury contexts, where it provides certainty and finality to both parties. The agreement must comply with Singapore contract law requirements and typically includes detailed provisions about the scope of the release, the consideration provided, and any continuing obligations. It serves as a crucial risk management tool for businesses and individuals looking to avoid or terminate litigation.

What sections should be included in a Release And Discharge Agreement?

1. Parties: Identifies all parties to the agreement with full legal names and addresses

2. Background: Explains the context and circumstances leading to the release

3. Definitions: Defines key terms used throughout the agreement

4. Release Provisions: Details the specific claims, rights, or obligations being released

5. Consideration: Specifies the consideration given for the release

6. Governing Law: Specifies Singapore law as governing law

7. Execution: Signature blocks and execution formalities

What sections are optional to include in a Release And Discharge Agreement?

1. Confidentiality: Provisions to keep the terms of release confidential, typically used when dealing with sensitive matters or commercial settlements

2. Non-disparagement: Provisions preventing parties from making negative statements about each other, commonly used in employment-related or public-facing disputes

3. Future Cooperation: Provisions outlining any ongoing obligations between parties, used when parties need to maintain some form of relationship

4. Tax Implications: Provisions addressing tax treatment of any payments, relevant when monetary consideration is involved

What schedules should be included in a Release And Discharge Agreement?

1. Schedule of Released Claims: Detailed list of specific claims being released

2. Payment Schedule: Details of consideration payments if involving multiple payments or installments

3. Related Agreements: List of any related agreements affected by the release

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

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Financial Services
Employment
Construction
Healthcare
Real Estate

Relevant Teams

Legal
Human Resources
Finance
Risk Management
Compliance

Relevant Roles

Legal Counsel
HR Director
Risk Manager
CFO
CEO

Industries

Civil Law Act (Cap. 43): Primary legislation governing contract law in Singapore, providing fundamental principles for contract formation, enforcement, and remedies

Common Law Principles: Singapore follows English common law principles for contract interpretation and enforcement, including precedent cases and established legal doctrines

Unfair Contract Terms Act (Cap. 396): Regulates unfair terms in contracts and limits the extent to which civil liability can be excluded or restricted by contractual terms

Limitation Act (Cap. 163): Sets statutory time limits for bringing legal claims and ensures releases don't conflict with limitation periods for different types of claims

Evidence Act (Cap. 97): Governs the admissibility of evidence and documentation requirements for legal agreements in Singapore

Consumer Protection (Fair Trading) Act: Protects consumer interests and regulates unfair practices in consumer transactions, relevant if the release involves consumer relations

Employment Act: Primary legislation governing employment relationships, relevant if the release involves employment-related matters

Work Injury Compensation Act: Governs compensation for workplace injuries, relevant if the release involves workplace accident claims

Personal Data Protection Act 2012: Regulates the collection, use, and disclosure of personal data, relevant if the release involves personal information

Consideration Doctrine: Legal principle requiring that valid contracts must be supported by consideration (something of value exchanged between parties)

Contractual Capacity: Legal principle requiring that all parties must have legal capacity to enter into a binding agreement

Clear Terms Requirement: Legal principle requiring that release terms must be clear, unambiguous, and properly communicated to all parties

Waiver of Rights: Legal principles governing the validity and extent of rights being waived in the release agreement

Public Policy Considerations: Legal principles ensuring the release agreement doesn't contravene public policy or attempt to contract out of mandatory legal obligations

Find the exact document you need

Termination Full And Final Release

A Singapore law-governed agreement that finalizes employment termination and provides mutual releases between employer and employee.

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Let's create your Release And Discharge Agreement

What is a Release And Discharge Agreement?

What sections should be included in a Release And Discharge Agreement?

What sections are optional to include in a Release And Discharge Agreement?

What schedules should be included in a Release And Discharge Agreement?

Authors

Alex Denne

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