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Business Agreement Between Two Companies
"I need a Business Agreement Between Two Companies under Singapore law for a software development company providing IT services to a manufacturing firm, with specific focus on data protection and IP rights transfer, starting from March 2025."
1. Parties: Identifies and defines the contracting parties with full legal names and details
2. Background: Provides context and purpose of the agreement
3. Definitions: Defines key terms used throughout the agreement
4. Scope of Agreement: Outlines the primary obligations and responsibilities
5. Term and Termination: Duration of agreement and termination conditions
6. Payment Terms: Details of payment obligations, timing, and method
7. Confidentiality: Provisions for handling confidential information
8. Governing Law: Specifies Singapore law as governing law
1. Intellectual Property Rights: Include when IP is being created, licensed, or transferred
2. Force Majeure: Provisions for unforeseen circumstances preventing contract performance
3. Data Protection: PDPA compliance provisions for handling personal data
4. Insurance: Insurance requirements and obligations for risk management
5. Non-Competition: Restrictions on competitive activities to protect business interests
1. Schedule of Services: Detailed description of services to be provided
2. Price Schedule: Detailed pricing structure and payment terms
3. Service Level Agreement: Performance metrics and service standards
4. Contact Details: Key personnel and communication protocols
5. Data Processing Agreement: Details of data handling procedures if applicable
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