The Contract Cancellation Letter is an essential legal document used when a party wishes to formally terminate an existing contract in Singapore. This document should be used when there is a need to end a contractual relationship, whether through mutual agreement or unilateral termination rights. The letter must comply with Singapore's Contract Act and related legislation, including any specific notice requirements or termination conditions in the original contract. It serves as formal documentation of the cancellation decision and typically includes details about the original contract, reason for cancellation, effective date, and any outstanding obligations.
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1. Recipient Details: Full name and address of the contract counterparty
2. Contract Reference: Clear identification of the contract being cancelled including date and parties
3. Cancellation Statement: Clear and unambiguous statement of intention to cancel
4. Effective Date: Specific date when cancellation takes effect
5. Legal Basis: Reference to relevant contract clause or legal right allowing cancellation
1. Outstanding Obligations: Section detailing any remaining obligations to be fulfilled by either party
2. Return of Property: Section specifying instructions for returning any property or materials
3. Settlement Terms: Section outlining details of any financial settlement or final payments
1. Original Contract: Copy of the contract being cancelled
2. Supporting Documentation: Any relevant evidence or documentation supporting the cancellation
3. Settlement Statement: Detailed breakdown of any financial settlements or outstanding payments
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