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Partnership Acknowledgement Letter for Singapore

Partnership Acknowledgement Letter Template for Singapore

A Partnership Acknowledgement Letter under Singapore law is a formal document that confirms an individual's or entity's status as a partner in a business partnership. It serves as official recognition of the partnership relationship, outlining key terms and responsibilities while complying with Singapore's Partnership Act and related legislation. The document provides legal certainty and clarity regarding the partner's position within the partnership structure.

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What is a Partnership Acknowledgement Letter?

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.

What sections should be included in a Partnership Acknowledgement Letter?

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

What sections are optional to include in a Partnership Acknowledgement Letter?

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

What schedules should be included in a Partnership Acknowledgement Letter?

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

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 | Serial Founder & Legal AI Author

Jurisdiction

Singapore

Publisher

Genie AI

Cost

Free to use
Relevant legal definitions




















Clauses




















Industries

Partnership Act 1890 (Chapter 391): Primary legislation that defines partnerships, their legal status, governs rights and obligations of partners, and regulates partnership formation and dissolution

Limited Partnerships Act 2008: Regulates limited partnership structures, including registration requirements and partner liabilities

Business Names Registration Act 2014: Covers requirements for business name registration and filing obligations with ACRA (Accounting and Corporate Regulatory Authority)

Income Tax Act: Governs tax treatment of partnerships and partners' tax obligations and liabilities

Goods and Services Tax Act: Covers GST registration requirements and partnership GST obligations

Contract Law (Common Law): Establishes elements of valid contracts, contractual obligations and enforcement under Singapore's common law system

Civil Law Act (Chapter 43): Contains general provisions affecting contractual relationships and formal requirements for certain types of agreements

Electronic Transactions Act: Regulates electronic transactions and establishes legal status of electronic signatures

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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