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Custom Software Development Agreement
"I need a Custom Software Development Agreement for a Singapore-based fintech startup commissioning a mobile payment application, with specific provisions for data security compliance and monthly milestone payments over a 12-month development period starting March 2025."
1. Parties: Identifies the contracting parties with full legal names and addresses
2. Background: Explains context and purpose of the agreement
3. Definitions: Defines key terms used throughout the agreement
4. Scope of Services: Detailed description of software development services to be provided
5. Project Timeline: Development milestones, delivery dates, and acceptance criteria
6. Payment Terms: Fees, payment schedule, and invoicing requirements
7. Intellectual Property Rights: Ownership and licensing of developed software and materials
8. Confidentiality: Protection of confidential information and trade secrets
9. Term and Termination: Duration of agreement and termination provisions
1. Change Management: Process for handling change requests and scope modifications during the project
2. Source Code Escrow: Provisions for source code safekeeping and conditions for release
3. Service Level Agreement: Performance metrics, support requirements, and maintenance obligations
4. Data Protection: PDPA compliance measures and data handling requirements
1. Technical Requirements Specification: Detailed technical specifications of the software to be developed
2. Project Plan: Detailed timeline, resources, and deliverables schedule
3. Acceptance Test Criteria: Specific criteria and procedures for accepting deliverables
4. Rate Card: Detailed breakdown of rates and charges for services
5. Service Level Requirements: Detailed performance metrics and support requirements specification
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