The Termination Of Buyer Agency Agreement Form is a crucial document used in Singapore's real estate sector when a buyer wishes to end their formal relationship with a real estate agent. This document becomes necessary when either party wishes to terminate the agreement before its natural conclusion, when the original objectives cannot be met, or when there's mutual agreement to end the relationship. It must comply with Singapore's Estate Agents Act and CEA guidelines, addressing key aspects such as notice periods, outstanding commissions, and mutual releases from obligations. The form protects both parties' interests and provides clear documentation of the termination terms.
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1. Parties: Identification of the buyer and the real estate agent/agency
2. Background: Reference to original agreement and reason for termination
3. Definitions: Key terms used in the termination agreement
4. Termination Date: Effective date of the termination
5. Outstanding Obligations: Statement of any remaining duties or payments
6. Release of Obligations: Mutual release from future obligations
7. Execution: Signature blocks and witnessing requirements
1. Commission Provisions: Details of any commission arrangements or settlements when there are outstanding commission issues
2. Confidentiality: Ongoing confidentiality obligations when sensitive information was shared during the agency relationship
3. Dispute Resolution: Process for resolving any disputes when there are potential areas of disagreement
1. Original Agency Agreement: Copy of the original buyer agency agreement being terminated
2. Property Details: Details of properties viewed or considered during the agency relationship
3. Commission Calculation: Detailed breakdown of any commission calculations or settlements when applicable
Relevant legal definitions
Clauses
Termination
Mutual Release
Outstanding Obligations
Commission Settlement
Confidentiality
Return of Materials
Non-Solicitation
Indemnification
Governing Law
Dispute Resolution
Representations and Warranties
Survival
Entire Agreement
Severability
Notices
Amendment
Counterparts
Data Protection
Force Majeure
Third Party Rights
Mutual Release
Outstanding Obligations
Commission Settlement
Confidentiality
Return of Materials
Non-Solicitation
Indemnification
Governing Law
Dispute Resolution
Representations and Warranties
Survival
Entire Agreement
Severability
Notices
Amendment
Counterparts
Data Protection
Force Majeure
Third Party Rights
Relevant Industries
Relevant Teams
Relevant Roles
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