The Contract Termination Acceptance Letter is a crucial document in Singapore's contract law framework, used when parties mutually agree to end their contractual relationship. This document is typically issued in response to a formal termination request and serves multiple purposes: it confirms receipt of the termination request, formally accepts the termination, establishes the effective date, and outlines any remaining obligations or conditions. Under Singapore law, this document provides important legal protection by clearly documenting the mutual agreement to terminate and helping prevent future disputes about the termination terms.
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1. Date and Address Block: Formal letter heading including current date, recipient's name, title, company and address
2. Reference to Original Contract: Clear identification of the contract being terminated including date of execution and parties involved
3. Acknowledgment of Termination Request: Formal acknowledgment of receiving the termination request with its date
4. Effective Date: Explicit statement of when the termination takes effect
5. Confirmation of Mutual Agreement: Statement confirming both parties' agreement to terminate the contract
1. Outstanding Obligations: Details of any remaining duties, payments, or obligations that need to be fulfilled before or after termination
2. Confidentiality Reminder: Reference to any surviving confidentiality obligations and their continued applicability
3. Return of Property: Instructions and timeline for returning any company property, documents, or materials
4. Release of Claims: Mutual release of claims and liabilities between parties, if agreed upon
1. Original Termination Request: Copy of the formal termination request received from the requesting party
2. Final Settlement Statement: Detailed statement of any final payments, settlements, or financial reconciliation
3. Handover Checklist: Comprehensive list of items, documents, or responsibilities to be transferred or returned
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