The Automatic Termination Of Contract is essential in Singapore's business environment where clear exit mechanisms are required in contractual relationships. This document is typically used when parties want to establish predetermined circumstances under which their contract will automatically end without requiring negotiation or formal termination notices. It's particularly relevant in scenarios involving recurring obligations, project-based work, or relationships with specific milestones or conditions. The document must comply with Singapore's Contract Law Act and common law principles, and typically includes specific triggering events, consequences of termination, and any surviving obligations.
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1. Parties: Details of all contracting parties including full legal names, registration numbers, and addresses
2. Background: Context and purpose of the automatic termination provisions, including the relationship between parties
3. Definitions: Key terms used tHRoughout the document, including triggering events and termination-related terminology
4. Triggering Events: Comprehensive list and description of circumstances that will automatically trigger contract termination
5. Notice Requirements: Process and procedures for notification when triggering events occur, including timing and delivery methods
6. Effect of Termination: Detailed consequences and obligations upon automatic termination, including immediate actions required
1. Survival Clauses: Provisions that continue after termination, such as confidentiality and intellectual property rights
2. Force Majeure: Circumstances beyond parties' control that may trigger automatic termination
3. Cure Periods: Time periods allowed to remedy certain breaches before automatic termination takes effect
1. Schedule 1 - Triggering Events: Detailed enumeration of all circumstances and conditions that will cause automatic termination
2. Schedule 2 - Notice Forms: Template forms and required formats for termination notices and related communications
3. Schedule 3 - Post-Termination Obligations: Comprehensive list of duties, responsibilities and actions required after termination takes effect
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