Document background
Third Party Management Agreements are essential in Singapore's business environment where companies increasingly rely on external expertise for operational efficiency. These agreements are particularly important given Singapore's strict regulatory framework and the need for clear governance structures. The document typically covers service delivery, performance standards, risk management, data protection, and compliance with local regulations. A Third Party Management Agreement is crucial when organizations seek to outsource management functions while maintaining control and oversight, especially in regulated industries where MAS guidelines may apply.
