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Contingency Agreement
"I need a Contingency Agreement for a marketing consultancy project where we'll pay a success fee of 15% if the campaign reaches specified KPIs by March 2025, with the agreement governed by Singapore law and including monthly performance tracking."
1. Parties: Identification and details of all contracting parties
2. Background: Context and purpose of the contingency agreement
3. Definitions: Key terms used throughout the agreement
4. Contingency Events: Detailed description of triggering events
5. Payment Terms: Structure and timing of contingent payments
6. Duration: Term of the agreement and any renewal provisions
7. Governing Law: Specification of Singapore law as governing law
1. Performance Metrics: Specific measurable outcomes - used when contingency depends on measurable performance
2. Intermediary Payments: Partial payment provisions - used for long-term or complex contingencies
3. Force Majeure: Provisions for unforeseen circumstances - used when external factors could affect contingency
1. Schedule 1: Calculation Method: Detailed methodology for calculating contingent payments
2. Schedule 2: Timeline: Key dates and milestones
3. Appendix A: Required Documentation: List of documents needed to verify contingency events
4. Appendix B: Reporting Templates: Standard forms for progress reporting
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