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Business Acceptance Letter Template for Singapore

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Key Requirements PROMPT example:

Business Acceptance Letter

"I need a Business Acceptance Letter to formally accept a software development proposal from TechCore Solutions, with a project value of SGD 250,000 and implementation starting March 1, 2025, including specific payment milestones and confidentiality provisions."

Document background
A Business Acceptance Letter is commonly used in Singapore's business environment to formally accept proposals, quotations, or business arrangements. This document plays a crucial role in establishing clear business relationships and ensuring legal compliance under Singapore's commercial framework. The letter typically includes reference to the original proposal, specific terms being accepted, payment details, timelines, and any conditions precedent. It serves as evidence of agreement and helps prevent future disputes by clearly documenting the acceptance of business terms.
Suggested Sections

1. Recipient Details: Full name, designation, and address of the recipient

2. Reference Information: Previous correspondence, proposal, or offer details being accepted

3. Acceptance Statement: Clear and unequivocal statement of acceptance

4. Key Terms: Summary of main terms being accepted (price, scope, timeline)

5. Next Steps: Clear indication of what happens next in the process

Optional Sections

1. Conditions Precedent: Any conditions that must be met before the acceptance becomes effective

2. Payment Terms: Specific payment details and schedule if different from standard terms

3. Contract Start Date: Specific commencement date if different from acceptance date

Suggested Schedules

1. Original Proposal: Copy of the proposal or offer being accepted

2. Terms and Conditions: Standard terms and conditions referenced in the acceptance

3. Project Timeline: Detailed schedule of deliverables and milestones

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, validity, and enforcement in Singapore, including principles of offer, acceptance, consideration, and contractual obligations

Electronic Transactions Act: Governs electronic communications and digital signatures, providing legal recognition for electronic contracts and signatures in Singapore

Companies Act (Cap. 50): Regulates company operations and corporate governance in Singapore, including requirements for business documentation and corporate authority

Business Names Registration Act 2014: Governs the registration and use of business names in Singapore, ensuring proper business identification in legal documents

Limited Liability Partnerships Act: Regulates the formation and operation of LLPs in Singapore, relevant if any party is an LLP

Sale of Goods Act: Governs transactions involving the sale of goods, including terms and conditions of sale contracts

Consumer Protection (Fair Trading) Act: Ensures fair trading practices and consumer protection in business transactions

Competition Act: Promotes fair competition and prevents anti-competitive practices in business dealings

Personal Data Protection Act 2012: Governs the collection, use, and disclosure of personal data in Singapore, relevant if personal information is involved in the business relationship

UN Convention on Contracts for International Sale of Goods (CISG): International treaty governing cross-border sale of goods, applicable if the business relationship has international elements

Common Law Principles: Established case law principles governing contract formation, interpretation, and enforcement in Singapore's legal system

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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