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Flat Fee Agreement Template for Singapore

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Key Requirements PROMPT example:

Flat Fee Agreement

"I need a Flat Fee Agreement for software development services to be provided to my tech startup, with a fixed price of $50,000 and delivery milestones spread across three phases to be completed by June 2025."

Document background
The Flat Fee Agreement is commonly used in Singapore when parties wish to establish a clear, predetermined price for specific services or deliverables. This agreement type is particularly valuable when the scope of work can be clearly defined and both parties prefer cost certainty over time-based billing. Under Singapore law, this agreement typically includes detailed service descriptions, payment terms, delivery schedules, and performance standards. It's especially useful for project-based work where the service provider can accurately estimate the total effort required.
Suggested Sections

1. Parties: Identification and details of the contracting parties

2. Background: Context and purpose of the agreement

3. Definitions: Key terms used throughout the agreement

4. Scope of Services: Detailed description of services to be provided

5. Fee Structure: Flat fee amount, payment terms, and schedule

6. Term and Termination: Duration of agreement and termination provisions

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

Optional Sections

1. Intellectual Property Rights: Provisions for protecting and transferring IP rights when services involve creation of intellectual property

2. Confidentiality: Provisions for protecting confidential information exchanged during the course of the agreement

3. Force Majeure: Provisions dealing with unforeseen circumstances that prevent performance of obligations

4. Data Protection: PDPA compliance provisions for handling personal data

Suggested Schedules

1. Schedule of Services: Detailed breakdown of services to be provided under the agreement

2. Payment Schedule: Detailed breakdown of payment milestones and amounts

3. Service Level Agreement: Performance metrics and standards for service delivery

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

























Clauses






























Industries

Contract Act 1872: Primary legislation governing contract formation, validity, and enforcement in Singapore

Unfair Contract Terms Act (Cap. 396): Regulates unfair terms in contracts and limits the extent to which civil liability can be excluded in contracts

Consumer Protection (Fair Trading) Act: Protects consumers against unfair practices and provides additional rights in consumer transactions

Competition Act (Cap. 50B): Ensures fair trading practices and prevents anti-competitive behavior in Singapore

Goods and Services Tax Act: Governs the application and collection of GST on taxable goods and services in Singapore

Electronic Transactions Act: Provides legal framework for electronic transactions and digital signatures

Payment Services Act 2019: Regulates payment systems and payment service providers in Singapore

Mediation Act 2017: Promotes, encourages and facilitates the resolution of disputes by mediation

Arbitration Act (Cap. 10): Provides legal framework for arbitration proceedings in Singapore

Supreme Court of Judicature Act: Establishes jurisdiction and powers of Singapore courts in legal proceedings

Personal Data Protection Act 2012: Governs the collection, use, disclosure and care of personal data

Professional Bodies Regulations: Specific regulations from professional bodies that govern particular industries or services (e.g., Law Society, Medical Council)

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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