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A Franchise Termination Letter is used when either the franchisor wishes to terminate the franchise relationship due to breaches of the franchise agreement, or when mutually agreed termination is desired. This document, governed by Singapore law, serves as the official notification of termination and outlines all necessary steps for both parties. The letter typically references the original franchise agreement, states the grounds for termination, and details post-termination obligations including the cessation of trademark usage, return of proprietary materials, and confidentiality requirements. It's essential to ensure compliance with Singapore's contract law and the Franchising Code of Practice when drafting this document.
