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Acknowledgement Of Cancellation Letter Template for Singapore

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Key Requirements PROMPT example:

Acknowledgement Of Cancellation Letter

"I need an Acknowledgement of Cancellation Letter for a software development contract with TechCorp Pte Ltd, confirming mutual agreement to terminate services from March 15, 2025, with provisions for the return of source code and final payment arrangements."

Document background
The Acknowledgement Of Cancellation Letter is a crucial document in Singapore's business and legal landscape, used when parties need to formally document the termination of their contractual obligations. This document is particularly important as it provides clear evidence of agreed termination terms, protecting both parties from future disputes. It typically includes the original contract details, cancellation effective date, any financial settlements, and mutual releases. Under Singapore law, this document helps ensure compliance with the Contract Act and provides a clear audit trail of the contract's termination.
Suggested Sections

1. Date and Reference Number: Clear identification of when the acknowledgement is issued and reference details

2. Parties Information: Full names and addresses of both parties involved in the cancellation

3. Original Contract Reference: Details of the contract being cancelled including date and reference number

4. Cancellation Confirmation: Clear statement acknowledging the cancellation and its terms

5. Effective Date: Specific date when the cancellation takes effect

Optional Sections

1. Outstanding Obligations: Section detailing any remaining obligations between the parties that need to be fulfilled

2. Financial Settlement: Details of any refunds, payments, or financial arrangements related to the cancellation

3. Mutual Release: Statement of mutual release from obligations under the original contract

4. Confidentiality: Provisions regarding ongoing confidentiality obligations post-cancellation

Suggested Schedules

1. Original Contract: Copy of the contract being cancelled

2. Cancellation Request Documentation: Copy of the original cancellation request and related correspondence

3. Financial Statement: Statement detailing any financial settlements or outstanding amounts

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
















Clauses
















Industries

Contract Act (Cap. 53): Primary legislation governing contract formation, termination, and enforcement in Singapore, including principles of mutual agreement for contract cancellation

Consumer Protection (Fair Trading) Act: Legislation protecting consumer rights in Singapore, including provisions for contract cancellation and fair trading practices

Sale of Goods Act: Legislation governing contracts for the sale of goods, which may be relevant depending on the subject matter of the cancelled contract

Supply of Services Act: Legislation governing service contracts, which may be applicable if the cancelled contract involves service provision

Electronic Transactions Act: Governs electronic transactions and digital signatures, relevant if the cancellation acknowledgement is executed electronically

Limitation Act: Sets time limits for various types of legal actions and claims that might arise from the cancelled contract

Stamp Act: Governs stamp duty requirements that might be applicable to the cancellation documentation

Common Law Principles: Singapore's common law principles regarding contract termination, mutual discharge, and release of obligations

Industry-Specific Regulations: Additional regulations that may apply depending on the specific industry or subject matter of the contract being cancelled

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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