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Service Bureau Agreement
"I need a Service Bureau Agreement for my fintech company to outsource our payment processing operations to a third-party provider in Singapore, with specific emphasis on data security and MAS compliance requirements, starting from March 2025."
1. Parties: Identification of service bureau and client, including registration details and addresses
2. Background: Context of the agreement and brief description of services to be provided
3. Definitions: Key terms used throughout the agreement
4. Services: Detailed description of services to be provided
5. Service Levels: Performance standards and metrics
6. Fees and Payment: Pricing, payment terms, and invoicing procedures
7. Data Protection: PDPA compliance and data handling requirements
8. Confidentiality: Protection of confidential information
9. Term and Termination: Duration and termination provisions
1. Personnel: Staff deployment terms and conditions for service provider's personnel working on client premises
2. Business Continuity: Disaster recovery and business continuity provisions for critical services
3. Regulatory Compliance: Industry-specific regulatory requirements for regulated sectors
4. Insurance: Insurance requirements and coverage specifications for high-risk services
1. Service Description Schedule: Detailed technical specifications of services
2. Service Level Agreement: Detailed performance metrics and remedies
3. Fee Schedule: Detailed pricing and payment terms
4. Data Processing Agreement: Detailed data protection obligations under PDPA
5. Business Continuity Plan: Detailed disaster recovery procedures
6. Security Requirements: IT security standards and requirements
Authors
Applicable Laws
Business Day
Business Hours
Charges
Confidential Information
Client
Client Data
Data Protection Laws
Deliverables
Effective Date
Force Majeure Event
Intellectual Property Rights
PDPA
Personal Data
Representatives
Service Bureau
Service Credits
Service Levels
Services
Service Schedule
Specification
Subcontractor
System
Term
Third Party Software
Working Hours
Service Levels
Charges and Payment
Data Protection
Confidentiality
Intellectual Property Rights
Term and Termination
Force Majeure
Liability and Indemnification
Regulatory Compliance
Security Requirements
Business Continuity
Subcontracting
Personnel
Audit Rights
Dispute Resolution
Non-Solicitation
Insurance
Change Control
Notice
Assignment
Entire Agreement
Severability
Governing Law
Third Party Rights
Anti-Bribery and Corruption
Warranties
Service Migration
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