Download Mutual Waiver Of Claims - Singapore

Mutual Waiver Of Claims for Singapore

Mutual Waiver Of Claims Template for Singapore

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Mutual Waiver Of Claims

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What is a Mutual Waiver Of Claims?

A Mutual Waiver of Claims is commonly used when parties wish to achieve a clean break in their relationship or resolve existing disputes without litigation. This document, governed by Singapore law, provides a framework for parties to mutually release each other from specified claims, obligations, or liabilities. It typically includes detailed descriptions of the claims being waived, any exceptions, and the consideration being provided. The agreement is particularly useful in business settlements, project completions, or relationship terminations where parties want to prevent future litigation while ensuring compliance with Singapore's legal requirements.

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

1. Parties: Identification and details of all parties entering into the waiver agreement

2. Background: Context and circumstances leading to the mutual waiver

3. Definitions: Key terms used throughout the agreement

4. Scope of Waiver: Specific claims and rights being waived by each party

5. Consideration: Statement of mutual consideration for the waiver

6. Governing Law: Specification of Singapore law as governing law

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

1. Specific Exclusions: Section detailing any claims specifically excluded from the waiver - used when certain claims need to be preserved

2. Duration: Section specifying the time period for which the waiver remains effective - used when waiver is not intended to be permanent

3. Confidentiality: Section covering obligations regarding confidentiality of the waiver and related matters - used when sensitive information is involved

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

1. Schedule of Specific Claims: Detailed list of specific claims being waived

2. Related Agreements: List of agreements affected by or related to the waiver

3. Corporate Authorizations: Evidence of authority to enter into waiver (if corporate parties)

Authors

Alex Denne

Head of Growth (Open Source Law) @ ��ֱ�� | 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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What is a Mutual Waiver Of Claims?

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

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

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

Authors

Alex Denne

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