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Contract Release Letter Template for Singapore

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Key Requirements PROMPT example:

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."

Document background
A Contract Release Letter is used when parties wish to formally terminate their contractual relationship and release each other from future obligations or claims. Under Singapore law, this document must clearly state the terms of release, including the effective date, consideration provided, and any surviving obligations. The Contract Release Letter should reference the original contract details and be executed in accordance with Singapore legal requirements. It's particularly important in commercial relationships where a clean break is desired and parties want to avoid future disputes.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

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

Singapore Contract Law: Common law principles governing formation, execution, and enforcement of contracts in Singapore

Contracts (Rights of Third Parties) Act 2001: Legislation governing how third parties may enforce terms of a contract, relevant for ensuring release doesn't inadvertently affect third party rights

Electronic Transactions Act 2010: Regulates electronic signatures and digital execution of documents if the release letter will be executed electronically

Employment Act 1968: Primary legislation governing employment relationships in Singapore, relevant if the release pertains to employment contracts

Employment Claims Act 2016: Framework for resolving employment disputes and claims, important for employment-related releases

Retirement and Re-employment Act: Legislation concerning retirement age and re-employment rights, relevant for employment-related releases

Civil Law Act: General principles of civil law applicable in Singapore affecting contract interpretation and enforcement

Limitation Act 1959: Specifies time limits within which legal claims must be brought, important for understanding scope of release

Stamp Duties Act: Requirements for stamp duty on certain types of documents and agreements

Companies Act: Corporate law requirements affecting execution of documents by companies and corporate entities

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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