Farewell Letter To Clients Template for Singapore

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Key Requirements PROMPT example:

Farewell Letter To Clients

"I need a Farewell Letter to Clients as I'm leaving my financial advisory practice in Singapore on March 15, 2025, and need to inform my portfolio of 200+ wealth management clients while ensuring compliance with PDPA regulations and including details about their new advisor."

Document background
A Farewell Letter to Clients is essential when a professional or service provider plans to leave their current position or transition their practice. This document, particularly important in Singapore's relationship-focused business environment, serves to maintain professional standards while ensuring smooth client transitions. The letter must balance personal touch with professional requirements, including necessary information about service continuity, new contact details, and transition arrangements. When drafting this document, consideration must be given to Singapore's PDPA requirements, industry-specific regulations, and professional codes of conduct.
Suggested Sections

1. Opening Gratitude: Expression of appreciation for client's trust and business relationship

2. Announcement of Departure: Clear statement of departure and effective date

3. Transition Plan: Information about service continuity and handover arrangements

4. Contact Information: New point of contact or successor details

5. Closing Statement: Professional closure and well-wishes

Optional Sections

1. Future Plans: Brief mention of next career move if appropriate and not restricted by agreements

2. Special Instructions: Any specific actions clients need to take, used when service transition requires client action

3. Timeline of Changes: Detailed transition schedule, used for complex service transitions

Suggested Schedules

1. Handover Documentation: Details of new service provider or contact person

2. FAQ Document: Common questions and answers about the transition process

3. Service Continuation Forms: Any required forms for continuing service with new provider

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

Personal Data Protection Act (PDPA): Regulates handling and transfer of client data, requirements for informing clients about changes in data handling, and restrictions on sharing client information with successor/new service provider

Banking Act and Financial Advisers Act: For financial services: covers requirements for proper client handover, confidentiality obligations, and duty of care requirements

Professional Codes of Conduct: Industry-specific requirements for client communication, professional ethics guidelines, and requirements for handling client transitions

Competition Act: Covers restrictions on non-compete clauses and limitations on solicitation of clients

Consumer Protection (Fair Trading) Act: Addresses obligations regarding ongoing services or contracts and requirements for fair treatment of consumers

Employment Act: Covers restrictions on sharing confidential information and post-employment obligations

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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