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Formal Contract
"I need a Formal Contract for a software development project between my Singapore-based tech company and a local contractor, including specific IP rights provisions and milestone-based payments starting from March 2025."
1. Parties: Identifies and defines the contracting parties with their full legal names, registration numbers, and registered addresses
2. Background: Sets out the context, purpose, and commercial intent of the agreement
3. Definitions: Defines key terms used throughout the agreement for clarity and consistency
4. Operative Provisions: Core obligations and rights of the parties, including main commercial terms
5. Duration and Termination: Contract term, renewal provisions, and circumstances for termination
6. Representations and Warranties: Key statements of fact and promises made by each party
7. Governing Law: Specifies Singapore law as governing law and jurisdiction
1. Confidentiality: Provisions protecting confidential information and trade secrets
2. Force Majeure: Provisions addressing unforeseeable circumstances preventing performance
3. Assignment: Rights and restrictions regarding transfer of contractual obligations
4. Dispute Resolution: Mechanisms for resolving disputes, including mediation and arbitration options
5. Data Protection: Compliance with Personal Data Protection Act 2012 and data handling procedures
1. Schedule 1 - Services: Detailed description of services or deliverables
2. Schedule 2 - Fees: Pricing, payment terms, and fee calculation methods
3. Schedule 3 - Service Levels: Performance metrics, standards, and related penalties/rewards
4. Schedule 4 - Key Personnel: Contact details and authorized representatives of both parties
5. Schedule 5 - Data Processing Terms: Specific terms relating to handling of personal data under PDPA
Authors
Applicable Law
Business Day
Commencement Date
Confidential Information
Contract Period
Effective Date
Force Majeure Event
Intellectual Property Rights
Material Breach
Notice
Parties
Representatives
Services
Singapore Dollar(s) or SGD
Term
Termination Date
Third Party
Working Hours
Writing or Written
Affiliate
Authorised Representative
Change of Control
Damages
Data Protection Laws
Deliverables
Dispute
Good Industry Practice
Governing Law
Insolvency Event
Liability
Personal Data
Project
Service Levels
Specifications
Subcontractor
Territory
Time for Performance
Variation
Warranty Period
Representations and Warranties
Payment Terms
Obligations
Duration and Term
Termination
Confidentiality
Intellectual Property
Liability and Indemnification
Force Majeure
Assignment and Subcontracting
Notices
Amendments
Severability
Entire Agreement
Waiver
Third Party Rights
Dispute Resolution
Governing Law and Jurisdiction
Data Protection
Compliance with Laws
Anti-Corruption
Insurance
Service Levels
Change Control
Non-Competition
Non-Solicitation
Audit Rights
Business Continuity
Environmental Compliance
Export Control
Staff and Key Personnel
Performance Security
Step-In Rights
Tax
Warranties and Maintenance
Technology Transfer
Relationship Management
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