Vendor Release Form Template for Singapore

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Key Requirements PROMPT example:

Vendor Release Form

"I need a Vendor Release Form for our software development contractor ABC Tech Pte Ltd, who completed a major project for us in January 2025, including provisions for IP transfer and ongoing confidentiality obligations."

Document background

The Vendor Release Form is essential in Singapore business operations when concluding vendor relationships. It serves as a formal termination document that protects both parties from future claims while ensuring compliance with Singapore law. This document is particularly important when significant services have been rendered, intellectual property has been created, or sensitive information has been shared. The form typically includes release provisions, consideration details, ongoing obligations, and may address data protection requirements under PDPA.

Suggested Sections

1. Parties: Identification of the parties: the company and the vendor

2. Background: Brief context of the relationship and purpose of the release

3. Definitions: Key terms used in the document

4. Release Provisions: Specific terms of release, including scope and extent

5. Consideration: Details of any payment or consideration for the release

6. Confidentiality: Ongoing confidentiality obligations post-release

7. Governing Law: Specification of Singapore law as governing law

Optional Sections

1. Intellectual Property Rights: IP ownership and transfer provisions - use when IP was created during the vendor relationship

2. Non-Competition: Restrictions on future competitive activities - use for vendors with access to sensitive information or key client relationships

3. Return of Property: Provisions for returning company property - use when vendor had access to company assets or materials

4. Data Protection: PDPA compliance provisions - use when personal data was processed during the engagement

5. Dispute Resolution: Specific dispute resolution mechanisms - use for high-value or complex vendor relationships

Suggested Schedules

1. Schedule of Services: Details of services provided by vendor being released

2. Schedule of Payments: Details of any final payments or consideration

3. Schedule of Company Property: List of items to be returned to the company

4. Schedule of IP Rights: Details of any intellectual property being transferred or released

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

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Technology
Professional Services
Manufacturing
Construction
Retail

Relevant Teams

Legal
Procurement
Finance
Operations
Compliance

Relevant Roles

Procurement Manager
Legal Counsel
Contract Manager
Operations Director
Finance Manager

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Let's create your Vendor Release Form

Authors

Alex Denne

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