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Ending A Fixed Term Contract Early
"I need to draft a document for Ending A Fixed Term Contract Early with my software developer who was hired for a 2-year project but needs to leave 6 months early in March 2025 due to family commitments, including provisions for knowledge transfer and the return of company equipment."
1. Parties: Identification of employer and employee with full details
2. Background: Context of the original fixed-term contract and reason for early termination
3. Definitions: Key terms used in the termination agreement
4. Termination Date: Specific date when employment will end
5. Financial Settlement: Details of final payment, including salary, benefits, and any compensation
6. Mutual Release: Waiver of claims between parties
1. Garden Leave: Terms of garden leave if applicable during notice period where employee is asked to serve notice period away from workplace
2. Post-termination Restrictions: Non-compete and non-solicitation clauses that continue to apply after termination
3. Work Pass Cancellation: Procedures and requirements for cancelling work passes for foreign workers
1. Schedule 1: Payment Calculation: Detailed breakdown of final payment and benefits
2. Schedule 2: Company Property: List of items to be returned to employer
3. Appendix A: Original Contract: Copy of the original fixed-term contract being terminated
Authors
Business Day
Company
Confidential Information
Early Termination Date
Effective Date
Employee
Employment Act
Final Payment
Fixed-Term Contract
Garden Leave
Intellectual Property Rights
Notice Period
Original Contract
Original Termination Date
Parties
Payment in Lieu of Notice
Pro-rated Benefits
Remaining Contract Period
Settlement Sum
SGD
Singapore Dollars
Termination Date
Unpaid Salary
Work Pass
Confidentiality
Cooperation
Data Protection
Early Termination
Final Payment
Further Assurance
Garden Leave
Governing Law
Intellectual Property
Mutual Release
Non-Disparagement
Notice Period
Outstanding Obligations
Payment Terms
Post-Termination Restrictions
Return of Company Property
Severability
Tax Implications
Third Party Rights
Variation
Waiver
Whole Agreement
Work Pass Cancellation
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