Document background
The Formal Letter Of Cancellation Of Contract is a crucial legal instrument used in Singapore when one party needs to formally terminate an existing contractual arrangement. This document is essential for maintaining clear business records and ensuring compliance with Singapore's contract law requirements. It should be used when a party wishes to end a contract in accordance with either the contract's termination provisions or applicable law. The letter typically includes identification of the contract being terminated, grounds for cancellation, effective termination date, and any relevant notice periods or outstanding obligations. It serves as official documentation of the termination process and helps prevent future disputes regarding the contract's status.
