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Termination Notice To Vendor Template for Singapore

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Key Requirements PROMPT example:

Termination Notice To Vendor

"I need to draft a Termination Notice To Vendor for our IT services provider, giving them 90 days' notice as per our agreement, with the termination to take effect on March 31, 2025, and including specific requirements for the return of our cloud security access credentials."

Document background
A Termination Notice To Vendor is a critical business document used when a company needs to formally end its relationship with a supplier or service provider in Singapore. The notice must comply with Singapore's Contract Act and related legislation, clearly stating the termination date, notice period, and grounds for termination. It typically includes references to the original agreement, outlines any outstanding obligations, and specifies transition requirements. This document helps protect both parties' interests and ensures a clear record of the termination process.
Suggested Sections

1. Recipient Details: Full legal name and address of the vendor

2. Reference to Original Agreement: Details of the original contract being terminated, including date and parties

3. Termination Statement: Clear statement of intent to terminate and the effective date

4. Legal Basis: Reference to relevant termination clause or legal grounds

5. Notice Period: Confirmation of notice period being given

Optional Sections

1. Outstanding Obligations: List of any remaining duties or payments, use when there are pending matters

2. Transition Arrangements: Details of handover process, use when service continuity is critical

3. Property Return: Instructions for returning company property, use when applicable

4. Confidentiality Reminder: Reminder of ongoing confidentiality obligations, use for sensitive relationships

Suggested Schedules

1. Statement of Outstanding Accounts: Detailed breakdown of any financial matters to be settled

2. Property Inventory: List of items to be returned or transferred

3. Transition Timeline: Schedule of handover activities and deadlines

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions












Clauses














Industries

Contract Act 1872: Primary legislation governing contractual relationships and fundamental principles of contract law in Singapore

Unfair Contract Terms Act (Cap. 396): Legislation regulating unfair terms in contracts and limiting the extent to which liability can be excluded in contracts

Companies Act (Cap. 50): Key legislation governing corporate entities and their business operations in Singapore

Sale of Goods Act (Cap. 393): Legislation governing contracts for the sale of goods and related transactions

Supply of Goods Act: Legislation governing the supply of goods and related services

Consumer Protection (Fair Trading) Act: Law protecting consumers against unfair practices and ensuring fair trading standards

Competition Act (Cap. 50B): Legislation promoting competitive markets and regulating anti-competitive practices

Notice Requirements: Legal and contractual requirements regarding notice periods for contract termination under Singapore common law

Industry-Specific Regulations: Sector-specific regulations that may apply depending on the nature of the business relationship

Termination Grounds: Legal requirements for establishing valid grounds for contract termination under Singapore law

Contractual Obligations: Requirements for addressing outstanding obligations, transition arrangements, and property return during contract termination

Settlement Procedures: Legal framework for settling accounts and resolving financial matters during contract termination

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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