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Service Agreement Term Sheet
"I need a Service Agreement Term Sheet for a software development company providing AI consulting services to a financial institution in Singapore, with an initial term of 24 months starting from March 2025 and including specific data protection provisions."
1. Parties: Identification and details of contracting parties
2. Background: Context and purpose of the agreement
3. Definitions: Key terms used throughout the term sheet
4. Services: Detailed description of services to be provided
5. Term: Duration of the agreement
6. Fees: Payment terms and fee structure
7. Governing Law: Specification of Singapore law as governing law
1. Service Levels: Performance metrics and standards - include when specific performance standards need to be measured
2. Data Protection: PDPA compliance provisions - include when personal data processing is involved
3. Intellectual Property: IP ownership and licensing terms - include when IP is created or used in services
4. Force Majeure: Provisions for unforeseen circumstances - include when long-term service commitments are involved
1. Service Description Schedule: Detailed scope of services
2. Fee Schedule: Detailed pricing and payment terms
3. Service Level Agreement: Detailed performance metrics and remedies
4. Data Processing Agreement: PDPA compliance details - required when personal data is processed
Authors
Business Day
Commencement Date
Confidential Information
Deliverables
Effective Date
Fees
Force Majeure Event
Initial Term
Intellectual Property Rights
Key Personnel
Laws
Personal Data
Representatives
Renewal Term
Services
Service Levels
Service Provider
Service Provider Materials
Service Recipient
SGD
Term
Term Sheet
Territory
Working Hours
Term and Termination
Fees and Payment
Service Levels
Performance Standards
Acceptance Criteria
Key Personnel
Representations and Warranties
Confidentiality
Data Protection
Intellectual Property
Liability and Indemnification
Force Majeure
Assignment and Subcontracting
Change Control
Dispute Resolution
Notices
Insurance
Compliance with Laws
Anti-Bribery and Corruption
Non-Solicitation
Entire Agreement
Governing Law
Severability
Amendments
Third Party Rights
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