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Commercial Framework Agreement
"I need a Commercial Framework Agreement for my IT consultancy business to supply software development services to multiple enterprise clients, with a focus on data protection and intellectual property rights, starting from January 2025."
1. Parties: Identification and details of contracting parties
2. Background/Recitals: Context and purpose of the agreement
3. Definitions and Interpretation: Key terms and interpretation rules
4. Term and Duration: Agreement duration, renewal terms
5. Framework Structure: Mechanics of how services/goods will be ordered
6. Ordering Process: Process for placing and accepting orders
7. Prices and Payment: Pricing structure, payment terms, invoicing
8. Obligations of Parties: Core responsibilities of each party
9. Termination: Termination rights and processes
10. Governing Law and Jurisdiction: Applicable law and dispute resolution
1. Service Levels: Performance metrics and standards - include when specific performance standards are required
2. Change Control: Process for making changes to agreement terms - include for long-term or complex arrangements
3. Data Protection: GDPR and data protection obligations - include when personal data is processed
4. Intellectual Property: IP ownership and licensing terms - include when IP is created or licensed
5. Insurance: Required insurance coverage - include for high-risk or high-value contracts
1. Schedule 1 - Services/Goods Description: Detailed specification of services/goods
2. Schedule 2 - Pricing Schedule: Detailed pricing structure and rates
3. Schedule 3 - Service Levels: Detailed performance metrics and KPIs
4. Schedule 4 - Form of Call-Off Contract: Template for individual orders
5. Schedule 5 - Change Control Procedure: Detailed change management process
6. Schedule 6 - Key Personnel: Details of key staff and roles
7. Schedule 7 - Exit Management: Transition and termination procedures
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