The Termination Without Cause Commercial Contract is essential for businesses operating in Singapore seeking to end commercial relationships amicably and legally. This document is particularly relevant when parties wish to conclude their business relationship without citing specific breaches or failures, often due to strategic realignment or changing business needs. It addresses key aspects required under Singapore law, including notice requirements, settlement terms, and post-termination obligations. The document ensures compliance with Singapore's Civil Law Act and commercial regulations while providing a clear framework for business separation.
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1. Parties: Identification of contracting parties, including full legal names and registered addresses
2. Background: Brief context of the existing commercial relationship and reason for termination document
3. Definitions: Key terms used tHRoughout the agreement
4. Termination Date: Specific date when the termination becomes effective
5. Notice Period: Duration of notice required before termination takes effect
6. Payment and Settlement Terms: Final payments, reconciliation of accounts, and settlement procedures
7. Return of Property: Procedures for returning any physical or digital assets
8. Surviving Obligations: Clauses that continue to be effective post-termination
1. Transition Arrangements: Details of handover process when complex operational handover is required
2. Employee Matters: Treatment of affected employees when termination affects staff arrangements
3. Intellectual Property: Handling of IP rights post-termination when IP rights are involved in the commercial relationship
4. Non-Compete Provisions: Post-termination competitive restrictions when protecting business interests post-termination
1. Schedule of Assets: List of physical and digital assets to be returned
2. Financial Settlement Schedule: Detailed breakdown of final payments and settlements
3. Transition Timeline: Detailed timeline for handover activities
4. Contact Details: Key contacts for termination process management
Relevant legal definitions
Agreement
Commencement Date
Confidential Information
Effective Date of Termination
Existing Agreement
Force Majeure
Governing Law
Intellectual Property Rights
Notice Period
Original Contract
Parties
Products
Services
Settlement Amount
Termination Date
Termination Notice
Transition Period
Working Day
Outstanding Payments
Relevant Territory
Representatives
Surviving Provisions
Trade Secrets
Transition Plan
Company Assets
Commencement Date
Confidential Information
Effective Date of Termination
Existing Agreement
Force Majeure
Governing Law
Intellectual Property Rights
Notice Period
Original Contract
Parties
Products
Services
Settlement Amount
Termination Date
Termination Notice
Transition Period
Working Day
Outstanding Payments
Relevant Territory
Representatives
Surviving Provisions
Trade Secrets
Transition Plan
Company Assets
Clauses
Definitions and Interpretation
Termination Notice
Effective Date
Notice Period
Payment and Settlement
Final Accounts Reconciliation
Return of Property
Confidentiality
Data Protection
Intellectual Property Rights
Non-Compete
Non-Solicitation
Transition Arrangements
Cooperation
Surviving Obligations
Release and Waiver
Representations and Warranties
Force Majeure
Dispute Resolution
Governing Law
Jurisdiction
Entire Agreement
Severability
Assignment
Notices
Third Party Rights
Costs and Expenses
Counterparts
Termination Notice
Effective Date
Notice Period
Payment and Settlement
Final Accounts Reconciliation
Return of Property
Confidentiality
Data Protection
Intellectual Property Rights
Non-Compete
Non-Solicitation
Transition Arrangements
Cooperation
Surviving Obligations
Release and Waiver
Representations and Warranties
Force Majeure
Dispute Resolution
Governing Law
Jurisdiction
Entire Agreement
Severability
Assignment
Notices
Third Party Rights
Costs and Expenses
Counterparts
Relevant Industries
Relevant Teams
Relevant Roles
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