Document background
A Deed of Termination and Release is utilized when parties wish to formally end their contractual relationship and ensure a clean break with no lingering obligations or potential claims. This document type is particularly important in Singapore's business environment where formal documentation of contractual relationships is highly valued. The deed explicitly terminates the original agreement, releases parties from their obligations, and can include provisions for any final payments or the return of property. It provides certainty and finality to both parties and helps prevent future disputes.
