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Notice Of Cancellation Of Contract To Sell
"I need to draft a Notice of Cancellation of Contract to Sell for a commercial property transaction in Singapore, where the buyer has failed to meet payment deadlines specified in the original sale contract dated January 15, 2025."
1. Sender Details: Full name, address, and contact information of the party issuing the notice
2. Recipient Details: Full name, address, and contact information of the party receiving the notice
3. Contract Reference: Details of the original contract including date, parties, and subject matter
4. Cancellation Statement: Clear statement of intention to cancel the contract
5. Effective Date: Date when the cancellation takes effect
6. Legal Basis: Reference to relevant contract clause or law permitting cancellation
1. Reason for Cancellation: Explanation of grounds for cancellation, used when legally required or strategically beneficial
2. Next Steps: Instructions regarding return of goods/documents or settlement of accounts, if applicable
3. Reservation of Rights: Statement preserving legal rights, used when potential disputes are anticipated
1. Original Contract Copy: Copy of the contract being cancelled for reference
2. Supporting Documents: Evidence supporting the grounds for cancellation, if applicable
3. Proof of Breach: Documentation of contract breach if cancellation is due to breach, if applicable
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