Commercial Contract Template for Singapore

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Key Requirements PROMPT example:

Commercial Contract

"I need a Commercial Contract to govern the supply of IT hardware and maintenance services from our Singapore-based supplier to our regional offices, with specific provisions for service levels and warranty terms, to commence from March 2025."

Document background
The Commercial Contract serves as a foundational document for business relationships in Singapore, establishing clear terms and conditions for commercial transactions. This document is essential when parties need to formalize their business arrangements, whether for the supply of goods, provision of services, or other commercial activities. The contract incorporates Singapore's robust legal framework, including provisions from the Civil Law Act and related commercial legislation, ensuring enforceability and compliance with local laws. It is particularly valuable for businesses seeking to establish clear, legally-binding commercial relationships in Singapore's business environment.
Suggested Sections

1. Parties: Details of the contracting parties including registration numbers and addresses

2. Background: Context and purpose of the agreement

3. Definitions: Key terms used throughout the agreement

4. Scope of Services/Goods: Detailed description of what is being provided

5. Payment Terms: Price, payment schedule, and payment methods

6. Duration and Termination: Contract period and termination provisions

7. Representations and Warranties: Statements of fact and promises made by the parties

8. Liability and Indemnification: Allocation of risks and responsibilities between parties

9. Dispute Resolution: Process for resolving disputes including jurisdiction

10. Governing Law: Specification of Singapore law as governing law

Optional Sections

1. Intellectual Property: Provisions relating to ownership and use of intellectual property rights

2. Confidentiality: Obligations regarding protection and non-disclosure of confidential information

3. Force Majeure: Provisions dealing with unforeseen circumstances beyond parties' control

4. Data Protection: Compliance with Personal Data Protection Act and data handling requirements

5. Insurance: Insurance requirements and obligations

6. Assignment and Subcontracting: Rights and restrictions regarding transfer of rights or obligations

Suggested Schedules

1. Schedule 1 - Scope of Work: Detailed specifications of services or goods to be provided

2. Schedule 2 - Pricing Schedule: Detailed breakdown of prices, rates, and payment terms

3. Schedule 3 - Service Levels: Performance metrics, standards, and related penalties/rewards

4. Schedule 4 - Key Personnel: Details of key team members and their roles

5. Schedule 5 - Form of Notice: Template for formal notices under the contract

6. Schedule 6 - Technical Requirements: Technical specifications and requirements

Authors

Alex Denne

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

Relevant legal definitions
Clauses
Industries

Civil Law Act (Cap. 43): Primary legislation governing contract law in Singapore, establishing fundamental principles of contract formation, enforcement, and remedies

Contracts (Rights of Third Parties) Act: Governs the rights of third parties to enforce terms of a contract they are not directly party to

Electronic Transactions Act: Regulates electronic communications and transactions, providing legal recognition of electronic signatures and records

Misrepresentation Act: Deals with false statements made during contract formation and provides remedies for misrepresentation

Sale of Goods Act: Regulates contracts for the sale of goods, including terms, conditions, and warranties

Supply of Goods Act: Governs contracts involving the supply of goods, including implied terms and conditions

Unfair Contract Terms Act: Restricts the extent to which civil liability for breach of contract can be avoided through contract terms

Competition Act: Promotes competition in markets and prohibits anti-competitive practices in commercial agreements

Companies Act: Primary legislation governing company formation, operation, and dissolution in Singapore

Partnership Act: Regulates the formation and operation of business partnerships in Singapore

Limited Liability Partnerships Act: Governs the formation and operation of Limited Liability Partnerships

Consumer Protection (Fair Trading) Act: Protects consumer interests and provides remedies against unfair practices in consumer transactions

International Sale of Goods (United Nations Convention) Act: Implements the UN Convention on Contracts for the International Sale of Goods in Singapore

Personal Data Protection Act: Governs the collection, use, and disclosure of personal data in commercial transactions

Arbitration Act: Provides the framework for arbitration as a dispute resolution mechanism in Singapore

Mediation Act: Facilitates the use of mediation as an alternative dispute resolution method

Choice of Court Agreements Act: Implements the Hague Convention on Choice of Court Agreements, governing jurisdiction in international cases

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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