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Consensual Agreement Template for Singapore

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Key Requirements PROMPT example:

Consensual Agreement

"Need a Consensual Agreement to formalize a business partnership with a Singapore-based software development company, including specific provisions for intellectual property rights and source code ownership, to be effective from March 2025."

Document background
The Consensual Agreement serves as a fundamental legal instrument in Singapore's commercial landscape, used when parties wish to formalize their voluntary arrangements with legal backing. This document type is particularly relevant when parties need to establish clear, mutually agreed terms while ensuring compliance with Singapore's contract law principles. The agreement typically includes detailed terms of the arrangement, rights and obligations of parties, and appropriate remedies for breach, all within the framework of Singapore's legal system.
Suggested Sections

1. Parties: Identification and details of all parties entering into the agreement

2. Background: Context and circumstances leading to the agreement

3. Definitions: Key terms used throughout the agreement and their meanings

4. Agreement Terms: Core obligations and rights of the parties

5. Duration: Term of the agreement and renewal provisions

6. Governing Law: Specification of Singapore law as governing law

7. Execution: Signature blocks and execution formalities

Optional Sections

1. Confidentiality: Terms regarding confidential information - include when sensitive information will be shared

2. Force Majeure: Provisions for unforeseen circumstances - include for longer-term agreements or where performance might be affected by external events

3. Dispute Resolution: Process for resolving disagreements - include for complex agreements or high-value transactions

Suggested Schedules

1. Schedule 1: Defined Terms: Detailed definitions if too lengthy for main agreement

2. Schedule 2: Special Conditions: Any specific terms or conditions unique to this agreement

3. Appendix A: Contact Details: Contact information for notices and communications

Authors

Alex Denne

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

Relevant legal definitions














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Industries

Contract Law of Singapore: Core common law principles governing contract formation, execution, and enforcement in Singapore

Electronic Transactions Act: Legislation governing the formation and validity of electronic contracts and digital signatures in Singapore

Application of English Law Act: Statute that specifies how English common law principles are incorporated into Singapore's legal system

Civil Law Act (Cap. 43): Primary legislation governing civil matters including contractual relationships in Singapore

Contracts (Rights of Third Parties) Act: Law governing how third parties may enforce terms of a contract to which they are not direct parties

Unfair Contract Terms Act: Legislation controlling the use of unfair terms in contracts and limiting the extent to which liability can be excluded

Misrepresentation Act: Law governing false statements made during contract formation that induce parties to enter into contracts

Limitation Act: Statute setting time limits for bringing legal actions relating to contract enforcement

Evidence Act: Legislation governing the admissibility of evidence in proving contractual terms and agreements

Consumer Protection (Fair Trading) Act: Law protecting consumer interests in commercial transactions and contracts

Personal Data Protection Act (PDPA): Legislation governing the collection, use, and disclosure of personal data in contractual relationships

Competition Act: Law ensuring fair competition and preventing anti-competitive practices in contractual arrangements

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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