The Waiver Acknowledgement Letter is commonly used in Singapore when one party wishes to formally surrender specific rights or claims, and the other party needs documented evidence of this surrender. This document is particularly important in commercial relationships, employment matters, and dispute resolutions. The letter must be drafted in compliance with Singapore law requirements, clearly identifying the rights being waived, confirming the voluntary nature of the waiver, and including any applicable conditions or limitations. It serves as a crucial risk management tool and can help prevent future disputes.
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1. Recipient Details: Full name and address of the recipient of the waiver acknowledgement letter
2. Reference Line: Clear identification of the subject matter or rights being waived
3. Waiver Statement: Clear and unambiguous statement of what is being waived, including specific rights or claims
4. Acknowledgement: Confirmation of understanding and voluntary acceptance of the waiver
5. Consideration: Statement of consideration (if any) provided in exchange for the waiver
6. Execution Block: Signature blocks for all relevant parties to execute the waiver
1. Conditions: Any specific conditions or prerequisites that must be met for the waiver to be effective
2. Time Limitations: Any temporal restrictions or expiry dates applicable to the waiver
3. Related Agreements: References to any related contracts or agreements affected by the waiver
1. Schedule 1 - Details of Waived Rights: Detailed description of specific rights, claims, or obligations being waived
2. Schedule 2 - Supporting Documents: List and copies of relevant documents referenced in the waiver acknowledgement letter
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