The Notice of Termination of Contract is a crucial legal document used when one party wishes to formally end a contractual arrangement in Singapore. It must be drafted in accordance with Singapore's Contract Law and relevant statutory requirements. This notice serves multiple purposes: it formally documents the intention to terminate, specifies the effective date of termination, outlines any remaining obligations, and helps protect both parties' legal interests. The document is particularly important as it creates a clear record of when and how the contract termination was communicated, which can be crucial in preventing or resolving future disputes.
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1. Recipient Details: Full name and address of the party receiving the termination notice
2. Contract Reference: Clear identification of the contract being terminated, including date and parties
3. Termination Statement: Clear statement of intention to terminate the contract
4. Effective Date: Specific date when the termination takes effect
5. Notice Period Reference: Reference to contractual notice period being observed
1. Grounds for Termination: Required when termination is due to breach or specific cause
2. Outstanding Obligations: Include when there are pending payments or deliverables
3. Post-Termination Obligations: Include when there are ongoing obligations after termination
4. Property Return: Include when there is company property to be returned
1. Contract Copy: Copy of the original contract being terminated
2. Statement of Outstanding Amounts: Schedule detailing any financial matters to be settled
3. Handover Schedule: Schedule listing assets or responsibilities to be transferred
4. Evidence of Breach: Documentation supporting grounds for termination if due to breach
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