The Notice of Cancellation of Contract to Sell is a crucial legal document used when one party wishes to formally terminate a sale agreement in Singapore. This document is typically employed when circumstances warrant the cancellation of a sale contract, such as breach of contract terms, failure to meet conditions precedent, or mutual agreement to terminate. The notice must comply with Singapore's Civil Law Act and common law principles, and should clearly state the grounds for cancellation, reference the original contract, and specify the effective termination date. This document is particularly important as it creates a clear record of the cancellation and helps protect the cancelling party's legal rights.
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1. Sender Details: Full name, address, and contact information of the party issuing the notice
2. Recipient Details: Full name, address, and contact information of the party receiving the notice
3. Contract Reference: Details of the original contract including date, parties, and subject matter
4. Cancellation Statement: Clear statement of intention to cancel the contract
5. Effective Date: Date when the cancellation takes effect
6. Legal Basis: Reference to relevant contract clause or law permitting cancellation
1. Reason for Cancellation: Explanation of grounds for cancellation, used when legally required or strategically beneficial
2. Next Steps: Instructions regarding return of goods/documents or settlement of accounts, if applicable
3. Reservation of Rights: Statement preserving legal rights, used when potential disputes are anticipated
1. Original Contract Copy: Copy of the contract being cancelled for reference
2. Supporting Documents: Evidence supporting the grounds for cancellation, if applicable
3. Proof of Breach: Documentation of contract breach if cancellation is due to breach, if applicable
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