Document background
The Letter of Revocation of Contract is a crucial legal instrument in Singapore's business environment, used when one party needs to formally terminate an existing contract. This document is particularly important as it provides a clear record of contract termination and helps prevent future disputes. Under Singapore law, it must include specific elements such as clear identification of the original contract, grounds for revocation, and effective termination date. It's commonly used in situations involving breach of contract, mutual agreement to terminate, or when exercising unilateral termination rights specified in the original agreement.
