Notice Of Termination Of License Agreement Template for Singapore

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Key Requirements PROMPT example:

Notice Of Termination Of License Agreement

"I need to draft a Notice Of Termination Of License Agreement to end our software licensing arrangement with TechCorp Asia due to their repeated payment defaults, with termination to take effect on March 15, 2025, and need to include specific provisions about the return of source code materials."

Document background
The Notice Of Termination Of License Agreement is a crucial document used when one party wishes to formally end a licensing arrangement under Singapore law. This notice is typically employed when either the licensor or licensee needs to terminate the agreement due to breach, expiration, or other contractual provisions. It must comply with Singapore's legal framework, including contract law and intellectual property regulations, while clearly stating the termination grounds, effective date, and any post-termination requirements. The document serves as official record of the termination and helps manage the transition process.
Suggested Sections

1. Date: Current date of notice

2. Recipient Details: Full name and address of the licensee

3. License Agreement Reference: Details of the original license agreement including date and parties

4. Notice of Termination Statement: Clear statement of intention to terminate

5. Effective Date: Date when termination becomes effective

6. Grounds for Termination: Reference to relevant clause or reason for termination

Optional Sections

1. Post-Termination Obligations: Include when specific actions are required after termination

2. Outstanding Payments: Include when there are pending financial matters

3. Return of Materials: Include when physical or digital materials must be returned

4. Confidentiality Reminder: Include when emphasizing ongoing confidentiality obligations

Suggested Schedules

1. Original License Agreement: Copy of the agreement being terminated

2. Proof of Breach: If termination is due to breach, documentation of the breach

3. Statement of Outstanding Amounts: If there are pending financial matters

4. Handover Schedule: Timeline for returning materials or transitioning services

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

Singapore Contract Law: Common law principles governing contract formation, performance, and termination. Fundamental basis for license agreement termination.

Unfair Contract Terms Act: Cap. 396 - Regulates unfair terms in contracts and ensures termination provisions are reasonable and enforceable.

Electronic Transactions Act: Governs electronic contracts and digital signatures, relevant if the license agreement or termination notice is executed electronically.

Copyright Act: Cap. 63 - Protects original works and regulates licensing of copyrighted materials. Essential for intellectual property licenses.

Patents Act: Cap. 221 - Governs patent rights and licensing. Crucial for technology or invention-related license agreements.

Trade Marks Act: Cap. 332 - Regulates trademark licensing and use. Important for brand and trademark-related licenses.

Registered Designs Act: Protects and regulates the licensing of industrial designs and related intellectual property rights.

Competition Act: Cap. 50B - Ensures termination doesn't violate competition laws or create unfair market conditions.

Industry-Specific Regulations: Regulatory requirements specific to particular industries (telecommunications, software, pharmaceuticals, etc.).

Notice Requirements: Legal and contractual requirements for notice periods and proper termination procedures under Singapore law.

Property Law: Relevant when license involves real property or fixtures, governing property rights and transfers.

International Agreements: Cross-border considerations and international IP conventions to which Singapore is a signatory.

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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