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Cost Fixed Fee Contract
"I need a Cost Fixed Fee Contract for a software development project with a Singapore-based client, with a fixed fee of SGD 250,000 and delivery milestones starting from March 2025, including specific provisions for source code ownership and regular progress reporting."
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: Detailed description of services to be provided
5. Fixed Fee: Agreed payment amount and payment terms
6. Timeline: Project schedule and key milestones
7. Obligations: Responsibilities of each party
8. Term and Termination: Duration and conditions for ending the agreement
9. Governing Law: Specification of Singapore law as governing law
1. Change Control: Procedures for managing changes to scope - use for complex projects with likely scope changes
2. Force Majeure: Provisions for unforeseen circumstances - use for longer-term contracts or high-risk environments
3. Intellectual Property: IP ownership and rights - use when deliverables include intellectual property
4. Insurance: Insurance requirements - use for high-risk or high-value projects
1. Schedule of Services: Detailed breakdown of services to be provided
2. Schedule of Rates: Breakdown of the fixed fee components
3. Project Timeline: Detailed project schedule with milestones
4. Key Personnel: List of key team members and their roles
5. Performance Specifications: Technical requirements and standards
Authors
Applicable Laws
Business Day
Change Order
Commencement Date
Completion Date
Confidential Information
Contract Price
Deliverables
Effective Date
Fixed Fee
Force Majeure Event
GST
Intellectual Property Rights
Key Personnel
Material Breach
Milestone
Payment Schedule
Project
Project Manager
Schedule of Services
Services
Service Provider
Specifications
Subcontractor
Term
Termination Date
Time for Completion
Variation
Work Product
Appointment
Scope of Services
Fixed Fee Payment
Payment Terms
Service Provider Obligations
Client Obligations
Representations and Warranties
Timeline and Milestones
Change Control
Key Personnel
Quality Standards
Performance Monitoring
Intellectual Property
Confidentiality
Data Protection
Insurance
Liability and Indemnity
Force Majeure
Termination
Consequences of Termination
Assignment and Subcontracting
Notices
Dispute Resolution
Governing Law
Entire Agreement
Severability
Variation
Waiver
Third Party Rights
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