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Evergreen Agreement
"I need an Evergreen Agreement for providing ongoing IT maintenance services to a Singapore-based client, with monthly billing and quarterly performance reviews, 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. Services/Scope: Description of services or obligations
5. Term and Renewal: Duration and automatic renewal provisions
6. Payment Terms: Pricing, payment schedule, and adjustment mechanisms
7. Termination Rights: Conditions and process for agreement termination
1. Force Majeure: Provisions for unforeseen circumstances preventing performance of obligations
2. Data Protection: PDPA compliance provisions for handling personal data
3. Intellectual Property: IP ownership, usage rights, and protection provisions
4. Change Control: Process for making changes to services/scope during the agreement term
1. Service Level Agreement: Detailed service specifications and performance metrics
2. Pricing Schedule: Detailed pricing structure and adjustment mechanisms
3. Data Processing Agreement: Detailed data handling procedures and compliance requirements
4. Contact Details: Key personnel and notification details for both parties
Authors
Applicable Law
Business Day
Commencement Date
Confidential Information
Effective Date
Fees
Force Majeure Event
Initial Term
Intellectual Property Rights
Notice
Notice Period
Parties
Personal Data
Renewal Period
Services
Service Levels
Service Provider
Term
Termination Date
Territory
Working Hours
Change Request
Material Breach
Representatives
Specification
Subcontractor
Customer
Deliverables
Good Industry Practice
Services
Term and Renewal
Payment Terms
Price Adjustment
Service Levels
Performance Standards
Reporting and Review
Termination
Change Control
Confidentiality
Data Protection
Intellectual Property
Liability and Indemnification
Force Majeure
Assignment and Subcontracting
Notices
Dispute Resolution
Governing Law
Entire Agreement
Severability
Variation
Waiver
Third Party Rights
Anti-Corruption
Insurance
Compliance with Laws
Audit Rights
Business Continuity
Exit Management
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