Release Of Contract Letter

Release Of Contract Letter Template for Singapore

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Key Requirements PROMPT example:

"I need a Release of Contract Letter to formally terminate a software development agreement with ABC Tech Solutions, effective March 15, 2025, including provisions for the return of source code and maintaining confidentiality of shared intellectual property."

What is a Release Of Contract Letter?

A Release Of Contract Letter is utilized when parties wish to formally terminate their contractual relationship before its natural conclusion. Under Singapore law, this document provides legal certainty by clearly stating the terms of release, any financial settlements, and surviving obligations. It protects both parties by preventing future claims related to the terminated contract and ensures compliance with Singapore's contract law framework. The document is particularly important in commercial relationships where clear documentation of contract termination is essential for risk management and legal compliance.

What sections should be included in a Release Of Contract Letter?

1. Date: Current date of the release letter

2. Addressee Details: Full name and address of the party being released

3. Original Contract Reference: Details of the contract being released, including date and parties

4. Release Statement: Clear statement of release from contractual obligations

5. Effective Date: Date when the release becomes effective

6. Signature Block: Space for signatures of all parties

What sections are optional to include in a Release Of Contract Letter?

1. Outstanding Obligations: List of any remaining obligations that survive the release

2. Consideration: Details of any payment or consideration for the release

3. Confidentiality: Confidentiality obligations regarding the release and original contract

What schedules should be included in a Release Of Contract Letter?

1. Original Contract: Copy of the contract being released

2. Settlement Statement: Detailed statement of any financial settlement involved in the release

3. Power of Attorney: Authorization documentation if signed by representative

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

Professional Services
Construction
Technology
Manufacturing
Real Estate

Relevant Teams

Legal
Procurement
Finance
Operations
Compliance

Relevant Roles

Contract Manager
Legal Counsel
Project Manager
Business Development Manager
Procurement Officer

Industries

Singapore Contract Law: Common law principles governing formation, execution, and termination of contracts in Singapore

Contract (Rights of Third Parties) Act 2001: Legislation governing how third parties may enforce terms of a contract in Singapore

Electronic Transactions Act 2010: Legislation governing the validity and use of electronic signatures and electronic records in contracts

Employment Act 2004: Core labor law governing employment relationships if the release involves employment contracts

Employment Claims Act 2016: Framework for resolving salary-related disputes and other employment claims

MOM Guidelines: Ministry of Manpower guidelines for employment contract termination and release

Limitation Act 1959: Statute establishing time limits for bringing legal claims arising from contracts

Civil Law Act: General legislation governing civil matters including contractual relationships

Specific Relief Act: Legislation specifying remedies available for breach of contract and enforcement

Mutual Agreement Principle: Legal requirement that both parties must agree to the release voluntarily and with clear understanding

Consideration Doctrine: Legal requirement that valid consideration must be present for the release to be binding

Clear Expression of Intent: Legal principle requiring explicit and unambiguous expression of intention to release contractual obligations

Scope Definition: Clear definition of whether the release is partial or complete, and which obligations are being released

Surviving Obligations: Specification of any contractual obligations that survive the release

Confidentiality Requirements: Terms governing the confidentiality of the original contract and the release agreement

Waiver of Rights: Clear specification of which legal rights are being waived through the release

Release from Liabilities: Express terms releasing parties from specified liabilities and obligations

Governing Law and Jurisdiction: Specification of Singapore law as governing law and Singapore courts' jurisdiction

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Let's create your Release Of Contract Letter

What is a Release Of Contract Letter?

What sections should be included in a Release Of Contract Letter?

What sections are optional to include in a Release Of Contract Letter?

What schedules should be included in a Release Of Contract Letter?

Authors

Alex Denne

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