SETTLEMENT AGREEMENT

This Agreement is made on:

Between: -

Party A
Address

And

Party B
Address

And

Party C
Address

(collectively the “Parties”)

Whereas: -

(1) The Parties have agreed that their dispute(s) be mediated by International Institute of Mediators (Singapore) Ltd (iiM).
(2) The parties reached an amicable settlement of their dispute(s), the terms and conditions of which are set out hereunder.

Terms: -

It is agreed as follows:-

This Agreement is in full and final settlement of all or any causes of claims, demands, proceedings whatsoever which the Parties have or may have against each other, relating to :-

This Agreement supersedes all previous agreements between the parties in respect of matters the subject of the Mediation.

 

The parties will keep confidential and not use for any collateral or ulterior purpose the terms of this Agreement except insofar as is necessary to implement and enforce any of its terms.

 

If any dispute arises out of this Agreement, the Parties will attempt to settle it by mediation before resorting to any other means of dispute resolution. To institute any such mediation a party must give notice to the Mediator(s) of the Mediation. Insofar as possible, the terms of the Mediation Agreement will apply to any such further mediation. If no legally binding settlement of this dispute is reached within Twenty-Eight (28) days from the date of the notice to the Mediator(s), either party may institute court proceedings / refer the dispute to arbitration under the laws of Singapore.

 

This Agreement shall be governed by, construed and take effect in accordance with the laws of Singapore. The Courts of Singapore shall have exclusive jurisdiction to settle any claim, dispute or matter of difference which may arise out of, or in connection with this Agreement.

 
Signed:- Signed:- Signed:-
Or For and On Behalf of:- Or For and On Behalf of:- Or For and On Behalf of:-
Witness By: Witness By: Witness By: