A Business Cancellation Letter is a crucial document used when formally ending a business relationship in Singapore. It should be used when a company needs to terminate services, partnerships, or ongoing business arrangements in accordance with Singapore's legal framework. The document typically includes the basis for cancellation, reference to the original agreement, effective termination date, and details of any outstanding obligations. This formal communication ensures compliance with Singapore's Contract Act and helps maintain clear business records while managing potential legal implications of the termination.
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1. Sender Details: Full business name, registration number, and contact information of the party sending the cancellation letter
2. Recipient Details: Full business name and address of the recipient of the cancellation letter
3. Clear Statement of Cancellation: Explicit statement of intent to cancel the business relationship, including reference to the original agreement
4. Effective Date: Specific date when the cancellation takes effect, including any notice period requirements
5. Reference Information: Details of the original contract/agreement being cancelled, including dates and contract numbers
1. Reason for Cancellation: Optional explanation of why the business relationship is being terminated, if appropriate or required by the original agreement
2. Outstanding Obligations: List of any remaining duties, payments, or obligations that need to be fulfilled by either party
3. Transition Details: Information about handling the transition period and any handover requirements
4. Future Cooperation: Optional statement about potential future business relations if maintaining goodwill is desired
1. Original Agreement Reference: Copy or reference details of the agreement being cancelled
2. Outstanding Invoices Schedule: List of any unpaid invoices or financial obligations that need to be settled
3. Handover Schedule: Detailed list of any work, materials, or assets to be transferred as part of the cancellation
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