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Procurement Agreement
"I need a Procurement Agreement for my technology company to purchase software development services from a Singapore-based vendor, with monthly payment terms and specific data protection requirements to comply with PDPA standards."
1. Parties: Identifies and defines the contracting parties including full legal names, registration numbers, and addresses
2. Background: Sets out context and purpose of the agreement, including any relevant history of the relationship
3. Definitions: Defines key terms used throughout the agreement for clarity and consistency
4. Scope of Supply: Details the goods/services to be procured including specifications, quantities, and standards
5. Price and Payment Terms: Specifies pricing, payment schedule, invoicing requirements, and payment methods
6. Delivery Terms: Outlines delivery timelines, locations, packaging requirements, and acceptance procedures
7. Quality Requirements: Specifies quality standards, inspection procedures, and remedies for non-conforming goods
8. Term and Termination: Duration of agreement and circumstances under which it may be terminated
9. Governing Law: Specifies Singapore law as governing law and jurisdiction for disputes
1. Force Majeure: Addresses unforeseen circumstances that prevent performance of contractual obligations
2. Intellectual Property Rights: Addresses ownership, licensing and protection of intellectual property involved in the procurement
3. Data Protection: Addresses compliance with PDPA and handling of personal/confidential data
4. Import/Export Provisions: Addresses international trade requirements, customs, and trade compliance
1. Schedule 1 - Specification of Goods/Services: Detailed technical specifications and requirements of goods/services to be procured
2. Schedule 2 - Pricing Schedule: Detailed breakdown of prices, payment milestones, and any price adjustment mechanisms
3. Schedule 3 - Delivery Schedule: Detailed delivery timelines, milestones, and locations
4. Schedule 4 - Service Level Agreement: Performance metrics, service levels, and associated penalties/remedies
5. Schedule 5 - Quality Requirements: Detailed quality standards, testing procedures, and acceptance criteria
Authors
Applicable Laws
Business Day
Commencement Date
Confidential Information
Delivery Date
Delivery Location
Delivery Schedule
Effective Date
Force Majeure Event
Goods
Intellectual Property Rights
Order
Party/Parties
Price
Purchase Order
Quality Standards
Representatives
Services
Specifications
Supplier
Supply Schedule
Term
Territory
Vendor
Warranty Period
Working Hours
Scope of Supply
Ordering Process
Price and Payment
Delivery
Title and Risk
Quality Assurance
Warranties and Representations
Inspection and Testing
Acceptance and Rejection
Performance Standards
Supplier Obligations
Purchaser Obligations
Insurance
Intellectual Property Rights
Confidentiality
Data Protection
Force Majeure
Term and Termination
Consequences of Termination
Liability and Indemnity
Compliance with Laws
Anti-Corruption
Change Control
Business Continuity
Dispute Resolution
Assignment and Subcontracting
Notices
Entire Agreement
Severability
Waiver
Amendments
Third Party Rights
Governing Law and Jurisdiction
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