Civil Law Act (Chapter 43): Primary legislation governing contract law principles in Singapore, including enforceability of contracts and remedies for breach. Essential for establishing the basic framework of the termination agreement.
Common Law Agency Principles: Singapore follows English common law principles regarding agency relationships, which define the fundamental duties and obligations of principal and agent, including rights of termination.
Commercial Agents Regulations: Regulations governing commercial agency relationships, including provisions for notice periods, compensation, and indemnity requirements upon termination.
Companies Act (Chapter 50): Relevant when either party is a registered company, governing corporate authority to enter into agreements and documentation requirements for termination.
Consumer Protection (Fair Trading) Act: Applicable if the agency agreement involves consumer transactions, ensuring fair trading practices are maintained during termination.
Competition Act (Chapter 50B): Ensures termination provisions comply with competition laws, particularly regarding non-compete clauses and market restrictions.
Notice Requirements: Legal requirements for providing adequate notice of termination as per Singapore law and contractual obligations.
Outstanding Payments: Legal framework for handling outstanding commissions, payments, and financial settlements during termination.
Property Return Obligations: Legal requirements regarding the return of property, materials, and documents upon termination of the agency relationship.
Confidentiality Obligations: Legal framework for maintaining and enforcing confidentiality after termination of the agency relationship.
Post-termination Restrictions: Legal bouNDAries for implementing and enforcing post-termination restrictions and non-compete clauses under Singapore law.
Transition Arrangements: Legal requirements and best practices for managing the transition period during agency termination.
Dispute Resolution: Legal framework for handling disputes arising from the termination, including jurisdiction and applicable resolution mechanisms under Singapore law.
