Assignment Of Employment Contract

Assignment Of Employment Contract Template for Singapore

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Key Requirements PROMPT example:

"I need an Assignment of Employment Contract under Singapore law to transfer 50 software engineers from our subsidiary ABC Tech Pte Ltd to our parent company XYZ Global Ltd, effective from 1 March 2025, maintaining all existing employment terms and benefits."

What is a Assignment Of Employment Contract?

An Assignment of Employment Contract is crucial during corporate restructuring, mergers, acquisitions, or internal reorganizations in Singapore. This document enables the seamless transfer of employment relationships while ensuring compliance with Singapore's Employment Act and related regulations. It specifically outlines how existing employment terms will be maintained, handles the transfer of benefits and obligations, and addresses any specific requirements under Singapore employment law. The agreement protects all parties' interests while facilitating business transitions.

What sections should be included in a Assignment Of Employment Contract?

1. Parties: Identifies the current employer (assignor), new employer (assignee), and employee

2. Background: Explains the context of the assignment and original employment relationship

3. Definitions: Defines key terms used tHRoughout the agreement including Effective Date, Original Employment Contract, etc.

4. Assignment: Core provisions detailing the transfer of rights and obligations from assignor to assignee

5. Effective Date: Specifies when the assignment takes effect and timing of transfer

6. Continuing Terms: Confirms maintenance of existing employment terms and conditions post-assignment

7. Governing Law: Specifies Singapore law as governing law and jurisdiction

What sections are optional to include in a Assignment Of Employment Contract?

1. Employee Consent: Section containing employee's explicit consent to the assignment, required if original contract doesn't permit assignment

2. Treatment of Accrued Benefits: Details handling of accumulated leave, bonuses, and other benefits during transfer

3. Restrictive Covenants: Addresses transfer of non-compete, non-solicitation and confidentiality obligations

4. Data Protection: Provisions regarding transfer and handling of employee personal data under PDPA

5. CPF Arrangements: Details regarding transition of CPF contributions to new employer

What schedules should be included in a Assignment Of Employment Contract?

1. Schedule 1 - Original Employment Contract: Copy of existing employment agreement being assigned

2. Schedule 2 - Employee Benefits: Detailed list of all benefits and entitlements being transferred

3. Schedule 3 - Outstanding Obligations: List of any pending obligations, liabilities, or claims

4. Schedule 4 - Transferred Policies: List of relevant company policies that will apply post-assignment

Authors

Alex Denne

Head of Growth (Open Source Law) @ ��Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Financial Services
Technology
Manufacturing
Professional Services
Healthcare

Relevant Teams

Human Resources
Legal
Finance
Operations
Corporate Development

Relevant Roles

Human Resources Director
Legal Counsel
Chief Executive Officer
Operations Manager
Finance Director

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