The Contract Termination For Convenience is used when a party wishes to end a contractual relationship without citing breach or fault, as permitted under Singapore law. This document type is particularly valuable in long-term commercial relationships where flexibility is needed to respond to changing business circumstances. It includes essential provisions for notice periods, financial settlements, property return, and transition arrangements. The document ensures compliance with Singapore's Contract Law while providing a clear framework for contract conclusion.
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1. Parties: Identification of all parties involved in the original contract and termination
2. Background: Reference to original contract and context for termination
3. Definitions: Key terms used in the termination document
4. Termination Date: Specific date when the contract will terminate
5. Notice Period: Required notice period and how it will be served
6. Payment Obligations: Final payments, settlements, or compensation due
7. Return of Property: Process for returning any materials, equipment, or confidential information
1. Transition Arrangements: Details of handover process and procedures when services need to be transferred to another provider
2. Intellectual Property Rights: Handling of IP post-termination when IP was created or shared during the contract
3. Employee Matters: Treatment of affected employees and employment relationships impacted by termination
4. Mutual Release: Release of claims between parties when a clean break is desired
1. Schedule of Outstanding Payments: List of all pending financial obligations and payment terms
2. Property Return Schedule: Inventory of items to be returned and timeline for return
3. Transition Timeline: Detailed timeline for handover activities and milestones
4. Contact Details: Key contacts for termination process and their roles
Relevant legal definitions
Agreement
Business Day
Confidential Information
Contract
Effective Date
Force Majeure
Intellectual Property Rights
Notice
Original Agreement
Outstanding Payments
Parties
Property
Representatives
Services
Singapore Dollars
Surviving Provisions
Termination Date
Termination Notice
Termination Payment
Transition Period
Transition Plan
Working Day
Business Day
Confidential Information
Contract
Effective Date
Force Majeure
Intellectual Property Rights
Notice
Original Agreement
Outstanding Payments
Parties
Property
Representatives
Services
Singapore Dollars
Surviving Provisions
Termination Date
Termination Notice
Termination Payment
Transition Period
Transition Plan
Working Day
Clauses
Termination Date
Notice Requirements
Payment Obligations
Return of Property
Confidentiality
Intellectual Property Rights
Transition Arrangements
Mutual Release
Non-Disparagement
Surviving Provisions
Further Assurance
Assignment
Cooperation
Dispute Resolution
Governing Law
Jurisdiction
Severability
Entire Agreement
Waiver
Third Party Rights
Data Protection
Force Majeure
Notices
Costs and Expenses
Counterparts
Notice Requirements
Payment Obligations
Return of Property
Confidentiality
Intellectual Property Rights
Transition Arrangements
Mutual Release
Non-Disparagement
Surviving Provisions
Further Assurance
Assignment
Cooperation
Dispute Resolution
Governing Law
Jurisdiction
Severability
Entire Agreement
Waiver
Third Party Rights
Data Protection
Force Majeure
Notices
Costs and Expenses
Counterparts
Relevant Industries
Relevant Teams
Relevant Roles
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