Document background
The Termination of Collaboration Agreement is essential when parties wish to formally end their business collaboration in Singapore. This document is typically used when joint projects, strategic alliances, or business partnerships need to be concluded, whether by mutual agreement or due to specific circumstances. It addresses crucial aspects such as the effective termination date, settlement of accounts, asset division, intellectual property rights, and ongoing obligations. Under Singapore law, this agreement ensures a clear and legally binding framework for ending the collaboration while protecting all parties' interests and maintaining compliance with local regulations.
