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Custom Software Development Agreement
"I need a Custom Software Development Agreement for a Singapore-based fintech startup commissioning a mobile payment application, with specific provisions for data security compliance and monthly milestone payments over a 12-month development period starting March 2025."
1. Parties: Identifies the contracting parties with full legal names and addresses
2. Background: Explains context and purpose of the agreement
3. Definitions: Defines key terms used throughout the agreement
4. Scope of Services: Detailed description of software development services to be provided
5. Project Timeline: Development milestones, delivery dates, and acceptance criteria
6. Payment Terms: Fees, payment schedule, and invoicing requirements
7. Intellectual Property Rights: Ownership and licensing of developed software and materials
8. Confidentiality: Protection of confidential information and trade secrets
9. Term and Termination: Duration of agreement and termination provisions
1. Change Management: Process for handling change requests and scope modifications during the project
2. Source Code Escrow: Provisions for source code safekeeping and conditions for release
3. Service Level Agreement: Performance metrics, support requirements, and maintenance obligations
4. Data Protection: PDPA compliance measures and data handling requirements
1. Technical Requirements Specification: Detailed technical specifications of the software to be developed
2. Project Plan: Detailed timeline, resources, and deliverables schedule
3. Acceptance Test Criteria: Specific criteria and procedures for accepting deliverables
4. Rate Card: Detailed breakdown of rates and charges for services
5. Service Level Requirements: Detailed performance metrics and support requirements specification
Authors
Acceptance Tests
Agreement
Background IP
Business Day
Change Request
Confidential Information
Contract Price
Deliverables
Development Services
Documentation
Effective Date
Final Acceptance
Force Majeure Event
Intellectual Property Rights
Key Personnel
Milestone
Milestone Payment
Personal Data
Project
Project Manager
Project Plan
Requirements Specification
Services
Software
Source Code
Specifications
Statement of Work
Technical Requirements
Term
Third Party Materials
User Acceptance Testing
Warranty Period
Work Product
Project Management
Development Methodology
Deliverables
Acceptance Testing
Change Control
Payment Terms
Intellectual Property Rights
Confidentiality
Data Protection
Warranties
Service Levels
Source Code Escrow
Technical Support
Documentation
Key Personnel
Project Timeline
Quality Assurance
Liability
Indemnification
Force Majeure
Termination
Dispute Resolution
Governing Law
Assignment
Subcontracting
Insurance
Audit Rights
Security Requirements
Compliance with Laws
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