Contract Termination Acceptance Letter Template for Singapore

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Key Requirements PROMPT example:

Contract Termination Acceptance Letter

"I need a Contract Termination Acceptance Letter to formally accept the termination of our software development agreement with TechCore Solutions, with the termination to take effect on March 15, 2025, and including provisions for the return of source code and confidential information."

Document background
The Contract Termination Acceptance Letter is a crucial document in Singapore's contract law framework, used when parties mutually agree to end their contractual relationship. This document is typically issued in response to a formal termination request and serves multiple purposes: it confirms receipt of the termination request, formally accepts the termination, establishes the effective date, and outlines any remaining obligations or conditions. Under Singapore law, this document provides important legal protection by clearly documenting the mutual agreement to terminate and helping prevent future disputes about the termination terms.
Suggested Sections

1. Date and Address Block: Formal letter heading including current date, recipient's name, title, company and address

2. Reference to Original Contract: Clear identification of the contract being terminated including date of execution and parties involved

3. Acknowledgment of Termination Request: Formal acknowledgment of receiving the termination request with its date

4. Effective Date: Explicit statement of when the termination takes effect

5. Confirmation of Mutual Agreement: Statement confirming both parties' agreement to terminate the contract

Optional Sections

1. Outstanding Obligations: Details of any remaining duties, payments, or obligations that need to be fulfilled before or after termination

2. Confidentiality Reminder: Reference to any surviving confidentiality obligations and their continued applicability

3. Return of Property: Instructions and timeline for returning any company property, documents, or materials

4. Release of Claims: Mutual release of claims and liabilities between parties, if agreed upon

Suggested Schedules

1. Original Termination Request: Copy of the formal termination request received from the requesting party

2. Final Settlement Statement: Detailed statement of any final payments, settlements, or financial reconciliation

3. Handover Checklist: Comprehensive list of items, documents, or responsibilities to be transferred or returned

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

Industries

Contract Act 1872: Primary legislation governing contract formation, termination, and enforcement in Singapore, including principles of mutual agreement to terminate

Employment Act (Chapter 91): Key legislation governing employment relationships, termination procedures, and employee rights in Singapore, if the termination involves an employment contract

Employment Claims Act 2016: Framework for resolving employment disputes and claims arising from contract termination in the employment context

Tripartite Guidelines on Fair Employment Practices: Guidelines ensuring fair treatment in employment-related matters, including contract termination procedures

Companies Act (Chapter 50): Regulations governing corporate obligations and requirements during contract termination involving companies

Personal Data Protection Act 2012: Laws governing the handling and protection of personal data during and after contract termination

Limitation Act (Chapter 163): Statutory time limits for bringing claims related to contract termination

Evidence Act (Chapter 97): Rules regarding admissibility and handling of written communications and documentation in legal proceedings

Electronic Transactions Act: Legislation governing the validity and use of electronic communications and signatures in contract termination

Income Tax Act (Chapter 134): Tax implications and obligations arising from contract termination

Goods and Services Tax Act: GST considerations and requirements related to contract termination

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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