Document background
The Termination Of Business Relationship Letter is a crucial document used when a company needs to formally end its commercial relationship with another business entity in Singapore. It serves as an official record of the termination decision and ensures compliance with Singapore's legal framework, including the Contract Act and Fair Trading Laws. This document should be used when a business decides to cease its relationship with suppliers, vendors, partners, or service providers. It typically includes termination date, notice period, reasons for termination (if appropriate), outstanding obligations, and transition arrangements. The letter must be carefully drafted to protect both parties' interests and maintain professional standards while ensuring legal compliance.
