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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.

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