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Deed Of Termination And Release Template for Singapore

A Deed of Termination and Release is a formal legal document under Singapore law that effectively ends an existing agreement between parties and provides mutual releases from future claims or obligations. This deed must comply with Singapore's formal execution requirements and typically includes provisions for the termination of obligations, mutual releases, and any surviving obligations. It offers greater enforceability than a simple contract due to its nature as a deed under Singapore law.

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What is a Deed Of Termination And Release?

A Deed of Termination and Release is utilized when parties wish to formally end their contractual relationship and ensure a clean break with no lingering obligations or potential claims. This document type is particularly important in Singapore's business environment where formal documentation of contractual relationships is highly valued. The deed explicitly terminates the original agreement, releases parties from their obligations, and can include provisions for any final payments or the return of property. It provides certainty and finality to both parties and helps prevent future disputes.

What sections should be included in a Deed Of Termination And Release?

1. Parties: Identification of all parties to the deed

2. Background: Details of the original agreement being terminated and context

3. Definitions: Key terms used in the deed

4. Termination: Express termination of the original agreement

5. Release and Waiver: Mutual release from obligations and claims

6. Surviving Provisions: Provisions that continue after termination

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

8. Execution: Formal execution blocks for all parties

What sections are optional to include in a Deed Of Termination And Release?

1. Payment Provisions: Details of any termination payments or financial settlement terms

2. Return of Property: Provisions for returning physical assets, materials, or intellectual property

3. Confidentiality: Ongoing confidentiality obligations post-termination

4. Non-Compete/Non-Solicit: Ongoing restrictive covenants that survive termination

What schedules should be included in a Deed Of Termination And Release?

1. Original Agreement: Copy or details of agreement being terminated

2. Payment Schedule: Details of any termination payments or settlement amounts

3. Property Schedule: List of items to be returned or transferred between parties

4. Outstanding Obligations: List of any continuing obligations post-termination

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents

Jurisdiction

Singapore

Publisher

Genie AI

Document Type

Release Deed

Cost

Free to use

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