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PaaS Agreement Template
Need a PaaS Agreement Template for our Singapore-based cloud platform service that will be offered to financial institutions, with strong emphasis on data security compliance and disaster recovery procedures, planned to launch in March 2025.
1. Parties: Identification and details of the PaaS provider and customer
2. Background: Context of the agreement and brief description of the PaaS service
3. Definitions: Key terms used tHRoughout the agreement including technical terminology
4. Service Description: Detailed description of the PaaS services, features, and functionalities
5. Service Levels: Performance metrics, availability commitments, and remedies for breach
6. Data Protection and Security: Compliance with PDPA and security measures
7. Fees and Payment: Pricing structure, payment terms, and billing procedures
8. Term and Termination: Duration, renewal, and termination conditions
1. Regulatory Compliance: Additional provisions for compliance with industry-specific regulations when serving regulated sectors like financial services or healthcare
2. Cross-border Data Transfers: Specific provisions governing international data movement and compliance with cross-border data transfer regulations
3. Professional Services: Terms governing additional implementation, support, or consulting services beyond the core PaaS offering
1. Service Level Agreement: Detailed performance metrics, service levels, and associated penalties
2. Security Requirements: Technical security specifications and compliance requirements
3. Data Processing Agreement: Detailed data handling procedures and responsibilities under PDPA
4. Pricing Schedule: Detailed pricing structure, payment terms, and billing procedures
5. Technical Specifications: Platform technical details, requirements, and infrastructure specifications
6. Support Services: Support level details, response times, and escalation procedures
7. Business Continuity Plan: Disaster recovery procedures and business continuity requirements
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