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."

What is a Waiver Of Future Claims?

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.

What sections should be included in a Waiver Of Future Claims?

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

What sections are optional to include in a Waiver Of Future Claims?

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

What schedules should be included in a Waiver Of Future Claims?

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) @ 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

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Let's create your Waiver Of Future Claims

What is a Waiver Of Future Claims?

What sections should be included in a Waiver Of Future Claims?

What sections are optional to include in a Waiver Of Future Claims?

What schedules should be included in a Waiver Of Future Claims?

Authors

Alex Denne

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