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Contract Release Letter
"I need a Contract Release Letter to terminate a software development agreement with ABC Tech Solutions, effective March 15, 2025, with specific provisions for the return of source code and ongoing confidentiality obligations."
1. Date and Parties: Identification of all parties involved in the release
2. Original Contract Reference: Details of the contract being released, including date and parties
3. Release Statement: Clear statement of release and waiver of rights under Singapore Contract Law
4. Consideration: Statement of consideration for the release to ensure validity under Singapore law
5. Effective Date: When the release takes effect
6. Signature Block: Space for parties to execute the document in accordance with Singapore execution requirements
1. Surviving Obligations: List of any obligations that survive the release, particularly relevant for ongoing confidentiality or non-compete obligations
2. Confidentiality: Ongoing confidentiality obligations and handling of sensitive information post-release
3. Return of Property: Requirements for returning any property or documents, including timeline and process
4. Governing Law: Explicit statement of Singapore law as governing law, particularly important if any party is foreign
1. Original Contract: Copy of the contract being released as reference
2. Payment Schedule: Details of any final payments or financial settlements as part of the release terms
3. Property List: Comprehensive list of items to be returned or transferred between parties
4. Execution Requirements: Specific requirements for proper execution under Singapore law, including witnessing if required
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