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Construction Contract Termination Agreement Template for Singapore

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Key Requirements PROMPT example:

Construction Contract Termination Agreement

"I need a Construction Contract Termination Agreement for an incomplete office building project in Singapore, where the main contractor has gone into liquidation and we need to document the handover of site, materials, and settlement of partial payments by March 2025."

Document background
The Construction Contract Termination Agreement is used when parties need to formally end their construction contract before or after completion. This document, governed by Singapore law, outlines the terms of separation, including financial settlements, handling of incomplete works, and mutual releases. It ensures compliance with Singapore's construction regulations while protecting the interests of all parties involved. The agreement is particularly important in complex construction projects where clear documentation of the termination terms and conditions is essential for legal certainty and risk management.
Suggested Sections

1. Parties: Identifies and defines the contracting parties (employer and contractor)

2. Background: Provides context of the original contract and circumstances leading to termination

3. Definitions: Defines key terms used in the agreement including references to the original contract

4. Termination Details: Specifies effective date of termination, grounds for termination, and acknowledgment of termination

5. Settlement of Accounts: Details final payment arrangements, outstanding payments, and financial reconciliation

6. Works Status and Handover: Addresses the status of completed and incomplete works, site handover procedures

7. Release of Obligations: Mutual release of future obligations under the original contract

8. Surviving Obligations: Specifies which obligations survive termination (e.g., warranties, defects liability)

9. Governing Law and Jurisdiction: Specifies Singapore law as governing law and jurisdiction for disputes

Optional Sections

1. Retention of Rights: Preserves specific rights post-termination, including intellectual property rights

2. Confidentiality: Provisions for maintaining confidentiality of project information and documents

3. Dispute Resolution: Specific procedures for resolving any disputes arising from the termination

4. Insurance and Bonds: Handling of insurance policies, performance bonds, and other securities

5. Employee and Subcontractor Matters: Provisions regarding workforce management and subcontractor relationships

Suggested Schedules

1. Schedule 1 - Outstanding Works: Detailed list of incomplete works at the time of termination

2. Schedule 2 - Payment Settlement: Breakdown of final payment calculations and arrangements

3. Schedule 3 - Materials and Equipment: Inventory of materials and equipment on site and their disposition

4. Schedule 4 - Original Contract: Copy of the original construction contract being terminated

5. Schedule 5 - Site Handover Checklist: Detailed checklist for site handover procedures and requirements

Authors

Alex Denne

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

Relevant legal definitions


















Clauses




















Industries

Building and Construction Industry Security of Payment Act (SOPA): Primary legislation governing payment security in construction contracts, including payment claims, responses, and adjudication processes

Building Control Act: Regulates building works and construction standards, including building plan approvals and permits

Construction Industry Development Board Act: Framework for regulating and developing the construction industry in Singapore

Contracts Act: Fundamental legislation governing contract formation, validity, and enforcement in Singapore

Building Maintenance and Strata Management Act: Governs maintenance standards and management of buildings

Employment Act: Key legislation governing employment terms and conditions, relevant for worker-related provisions in termination

Work Injury Compensation Act: Regulates compensation for workplace injuries, crucial for ongoing liability considerations

Workplace Safety and Health Act: Ensures workplace safety standards and obligations during construction and termination phases

BCA Regulations: Building Construction Authority's regulatory framework for construction practices and standards

Singapore Standards for Construction: Technical standards and specifications for construction works in Singapore

Public Sector Standard Conditions of Contract (PSSCOC): Standard contract conditions for public sector construction projects, providing guidance for termination provisions

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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