The Partnership Acknowledgement Letter is a crucial document in Singapore's business landscape, used to formally recognize and document partnership relationships. It serves multiple purposes, including satisfying regulatory requirements, providing clear evidence of partnership status for banking and business dealings, and establishing a clear record of the partnership arrangement. The document typically includes details about the partner's role, rights, and obligations, referencing the main partnership agreement where applicable. Under Singapore law, this document helps ensure compliance with the Partnership Act and provides important documentation for ACRA registration purposes.
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1. Date and Reference: Current date and any reference numbers
2. Addressee Details: Partner's full name and address
3. Partnership Details: Name, registration number, and business address of partnership
4. Acknowledgement Statement: Clear statement of partnership status and relationship
5. Partnership Terms Reference: Reference to main partnership agreement or terms
6. Confirmation of Understanding: Statement confirming understanding of rights and obligations
1. Specific Role Description: Details of partner's specific role or responsibilities when partner has specific designated responsibilities
2. Financial Arrangements: Reference to profit sharing or capital contribution when acknowledging specific financial terms
3. Duration: Specific term of partnership involvement for fixed-term partnerships
1. Partnership Agreement Extract: Relevant excerpts from main partnership agreement
2. ACRA Business Profile: Current business registration profile
3. Partner's Identification: Copy of partner's identification documents
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