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Company Contract for Singapore

Company Contract Template for Singapore

This Company Contract is a comprehensive legal document governed by Singapore law, designed to establish and regulate business relationships between companies operating within Singapore's jurisdiction. It incorporates key provisions under the Singapore Companies Act and Contract Law, while ensuring compliance with local regulatory requirements. The document provides a structured framework for business arrangements, including detailed terms of engagement, obligations, and dispute resolution mechanisms.

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What is a Company Contract?

The Company Contract serves as a fundamental legal instrument for businesses operating in Singapore, providing a structured framework for various commercial relationships. This document type is essential when companies need to formalize their business arrangements, whether for service provision, collaboration, or other commercial purposes. The contract incorporates necessary provisions under Singapore law, including compliance with the Companies Act and relevant regulatory requirements. It's particularly valuable for businesses seeking to establish clear terms of engagement while ensuring legal protection under Singapore's robust legal framework.

What sections should be included in a Company Contract?

1. Parties: Identifies all contracting parties with full legal names and registration details

2. Background/Recitals: Sets out the context and purpose of the agreement

3. Definitions: Defines key terms used throughout the agreement

4. Scope of Agreement: Details the subject matter and extent of the contractual relationship

5. Duration and Term: Specifies contract period, renewal terms, and termination conditions

6. Rights and Obligations: Lists specific responsibilities and rights of each party

7. Payment Terms: Details compensation, payment schedule, and related conditions

8. Governing Law: Specifies Singapore law as governing law and jurisdiction

What sections are optional to include in a Company Contract?

1. Intellectual Property Rights: Addresses IP ownership and usage rights when IP assets are involved in the agreement

2. Data Protection: PDPA compliance provisions for handling personal data processing

3. Non-Competition: Restrictions on competitive activities for protecting business interests

4. Force Majeure: Provisions for unforeseen circumstances, recommended for long-term or high-value contracts

What schedules should be included in a Company Contract?

1. Schedule 1 - Services/Products: Detailed description of services or products covered

2. Schedule 2 - Pricing: Detailed pricing structure and payment terms

3. Schedule 3 - Service Levels: Performance metrics and standards for service agreements

4. Appendix A - Contact Details: Key contact information for all parties

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Singapore

Publisher

Ƶ

Document Type

Agreement Contract

Cost

Free to use
Relevant legal definitions

























Clauses






























Industries

Companies Act (Cap. 50): Primary legislation governing company formation, operation, and regulation in Singapore

Contract Law (Cap. 43): Fundamental legislation governing contract formation, enforcement, and remedies in Singapore

Electronic Transactions Act (Cap. 88): Legislation governing electronic contracts and digital signatures in Singapore

Competition Act (Cap. 50B): Legislation protecting fair competition and preventing anti-competitive practices

Consumer Protection (Fair Trading) Act: Legislation protecting consumer rights and ensuring fair trading practices

Personal Data Protection Act 2012: Legislation governing the collection, use, and disclosure of personal data

Employment Act (Cap. 91): Primary legislation governing employment relationships and workers' rights

Central Provident Fund Act: Legislation governing mandatory savings and social security system for workers

Work Injury Compensation Act: Legislation providing compensation framework for workplace injuries

Common Law Principles: English common law principles applied in Singapore's legal system, including relevant case law

Contract Formation Requirements: Essential elements including offer, acceptance, consideration, and intention to create legal relations

Contractual Safeguards: Key protective clauses including confidentiality, dispute resolution, termination, and force majeure provisions

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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