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Business Contract
"I need a Business Contract for my technology company to engage a software development service provider in Singapore, with specific IP protection clauses and milestone-based payments starting from March 2025."
1. Parties: Identification and details of contracting parties
2. Background: Context and purpose of the agreement
3. Definitions: Key terms used throughout the agreement
4. Scope of Services/Goods: Detailed description of deliverables
5. Payment Terms: Pricing, payment schedule, and method
6. Term and Termination: Duration and ending conditions
7. Governing Law: Singapore law application clause
1. Intellectual Property: Protection and ownership of IP rights when IP is created or transferred during the contract
2. Confidentiality: Protection of sensitive information and trade secrets shared between parties
3. Force Majeure: Provisions for handling unforeseen circumstances in long-term or high-value contracts
4. Data Protection: PDPA compliance provisions for handling personal data
1. Schedule 1 - Service Level Agreement: Detailed service specifications and performance standards
2. Schedule 2 - Pricing Schedule: Detailed breakdown of prices, charges, and payment terms
3. Schedule 3 - Key Personnel: List of key team members and their responsibilities
4. Appendix A - Technical Specifications: Technical requirements and specifications for goods or services
Authors
Payment Terms
Term and Duration
Termination
Confidentiality
Intellectual Property
Warranties
Indemnification
Limitation of Liability
Force Majeure
Assignment
Data Protection
Dispute Resolution
Governing Law
Notices
Entire Agreement
Amendment and Variation
Insurance
Compliance with Laws
Service Levels
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