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Standard Termination Agreement
"I need a Standard Termination Agreement under Singapore law for a senior software engineer who is leaving amicably on March 15, 2025, with a 3-month non-compete clause and agreements about ongoing intellectual property obligations."
1. Parties: Identification of employer and employee with full details
2. Background: Brief employment history and reason for termination
3. Definitions: Key terms used throughout the agreement
4. Termination Date: Specific date employment relationship ends
5. Final Payment Terms: Details of final salary, prorated bonuses, and other payments
6. Mutual Release: Release of claims between parties
7. Governing Law: Specification of Singapore law as governing law
1. Non-Compete Obligations: Restrictions on future employment - used for senior employees or those with access to sensitive information
2. Ongoing Confidentiality: Continued obligations regarding confidential information - used when employee had access to sensitive information
3. Reference Provision: Terms regarding future employment references - used when agreed as part of termination package
4. Handover Obligations: Process for transferring responsibilities - used for roles requiring significant handover
1. Schedule 1 - Final Payment Calculation: Detailed breakdown of all final payments including salary, leave, and other entitlements
2. Schedule 2 - Company Property: List of items to be returned to the company by the employee
3. Schedule 3 - Ongoing Obligations: List of surviving contractual obligations post-termination
4. Appendix A - Original Employment Contract: Reference copy of employment agreement being terminated
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