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Memorandum Of Contract Template for Singapore

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Key Requirements PROMPT example:

Memorandum Of Contract

"I need a Memorandum of Contract to record a commercial property lease agreement in Singapore between my company (TechGrow Pte Ltd) and SingaporeSpace Holdings, with completion scheduled for March 2025."

What is a Memorandum Of Contract?

The Memorandum of Contract is a crucial legal instrument in Singapore's commercial landscape, used to memorialize the key terms and conditions of an existing agreement. This document type is particularly valuable when parties need to register or record their contractual relationship with authorities, or when a simplified version of a complex agreement is required for reference purposes. The memorandum must comply with Singapore's legal framework, including the Contracts Act and Registration of Deeds Act, and typically includes essential information such as parties' details, subject matter, and key obligations.

What sections should be included in a Memorandum Of Contract?

1. Parties: Identification of contracting parties with full legal names and addresses

2. Background: Context and purpose of the memorandum

3. Definitions: Key terms used throughout the document

4. Subject Matter: Details of the contract being memoralized

5. Key Terms: Essential contractual terms being recorded

6. Execution: Signing requirements and formalities

What sections are optional to include in a Memorandum Of Contract?

1. Conditions Precedent: Use when certain conditions must be met before the contract becomes effective

2. Payment Terms: Include if there are specific payment obligations to be recorded

3. Governing Law: Include if parties wish to specify jurisdiction explicitly

4. Notices: Include if specific communication procedures need to be established

What schedules should be included in a Memorandum Of Contract?

1. Property Schedule: Details of any property involved in the contract

2. Payment Schedule: Breakdown of payment terms and dates if applicable

3. Supporting Documents: Copies of relevant certificates, permits, or other documentation

4. Plan/Drawing Attachments: Any relevant plans or drawings referenced in the memorandum

Authors

Alex Denne

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

Relevant legal definitions















Clauses















Industries

Contracts Act 1872 (Chapter 53): Primary legislation governing contract formation, validity requirements, consideration, and capacity to contract in Singapore

Civil Law Act (Chapter 43): Regulates formalities for certain contracts, requirements for writing, and enforcement provisions

Registration of Deeds Act (Chapter 269): Governs requirements for registration of documents and priority of registered instruments

Evidence Act (Chapter 97): Controls admissibility of documents and authentication requirements in legal proceedings

Electronic Transactions Act (Chapter 88): Provides legal framework for electronic execution of documents and recognition of electronic records

Stamp Duties Act (Chapter 312): Regulates stamp duty requirements and timing of stamping for legal documents

Rules of Court: Sets out enforcement procedures and court requirements for documentary evidence

Case Law: Relevant Singapore judicial decisions on contract interpretation and enforcement

Industry Regulations: Specific regulations applicable to the particular industry or subject matter of the contract

Singapore Law Society Guidelines: Professional guidelines and best practices for legal documentation in Singapore

Common Law Principles: Fundamental contract law principles derived from English common law as applied in Singapore

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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