The Construction Contract Termination Agreement is used when parties need to formally end their construction contract before or after completion. This document, governed by Singapore law, outlines the terms of separation, including financial settlements, handling of incomplete works, and mutual releases. It ensures compliance with Singapore's construction regulations while protecting the interests of all parties involved. The agreement is particularly important in complex construction projects where clear documentation of the termination terms and conditions is essential for legal certainty and risk management.
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1. Parties: Identifies and defines the contracting parties (employer and contractor)
2. Background: Provides context of the original contract and circumstances leading to termination
3. Definitions: Defines key terms used in the agreement including references to the original contract
4. Termination Details: Specifies effective date of termination, grounds for termination, and acknowledgment of termination
5. Settlement of Accounts: Details final payment arrangements, outstanding payments, and financial reconciliation
6. Works Status and Handover: Addresses the status of completed and incomplete works, site handover procedures
7. Release of Obligations: Mutual release of future obligations under the original contract
8. Surviving Obligations: Specifies which obligations survive termination (e.g., warranties, defects liability)
9. Governing Law and Jurisdiction: Specifies Singapore law as governing law and jurisdiction for disputes
1. Retention of Rights: Preserves specific rights post-termination, including intellectual property rights
2. Confidentiality: Provisions for maintaining confidentiality of project information and documents
3. Dispute Resolution: Specific procedures for resolving any disputes arising from the termination
4. Insurance and Bonds: Handling of insurance policies, performance bonds, and other securities
5. Employee and Subcontractor Matters: Provisions regarding workforce management and subcontractor relationships
1. Schedule 1 - Outstanding Works: Detailed list of incomplete works at the time of termination
2. Schedule 2 - Payment Settlement: Breakdown of final payment calculations and arrangements
3. Schedule 3 - Materials and Equipment: Inventory of materials and equipment on site and their disposition
4. Schedule 4 - Original Contract: Copy of the original construction contract being terminated
5. Schedule 5 - Site Handover Checklist: Detailed checklist for site handover procedures and requirements
Relevant legal definitions
Agreement
Original Contract
Completion Date
Effective Date
Outstanding Works
Project
Project Site
Construction Materials
Construction Equipment
Contract Price
Outstanding Payment
Retention Sum
Defects Liability Period
Performance Bond
Practical Completion
Variation Orders
Working Day
Confidential Information
Original Contract
Completion Date
Effective Date
Outstanding Works
Project
Project Site
Construction Materials
Construction Equipment
Contract Price
Outstanding Payment
Retention Sum
Defects Liability Period
Performance Bond
Practical Completion
Variation Orders
Working Day
Confidential Information
Clauses
Termination Effective Date
Final Account Settlement
Outstanding Works
Materials and Equipment
Release and Discharge
Confidentiality
Warranties
Intellectual Property
Insurance
Defects Liability
Performance Bond
Site Handover
Documentation and Records
Dispute Resolution
Governing Law
Force Majeure
Assignment
Notices
Severability
Entire Agreement
Final Account Settlement
Outstanding Works
Materials and Equipment
Release and Discharge
Confidentiality
Warranties
Intellectual Property
Insurance
Defects Liability
Performance Bond
Site Handover
Documentation and Records
Dispute Resolution
Governing Law
Force Majeure
Assignment
Notices
Severability
Entire Agreement
Relevant Industries
Relevant Teams
Relevant Roles
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