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Master Development Agreement
"Need a Master Development Agreement for a mixed-use property development project in Singapore's Central Business District, with completion scheduled for March 2025, focusing particularly on sustainable building practices and including provisions for multiple construction phases."
1. Parties: Identification and details of the contracting parties, including registered addresses and company registration numbers
2. Background/Recitals: Context of the agreement, relationship between parties, and purpose of the development project
3. Definitions and Interpretation: Key terms used throughout the agreement and rules for interpretation
4. Scope of Development: Detailed description of the development work, deliverables, and specifications
5. Project Timeline: Key milestones, completion dates, and project phases
6. Payment Terms: Pricing, payment schedule, and payment mechanisms
7. Obligations and Responsibilities: Duties of each party, including developer's obligations and client's responsibilities
8. Change Management: Procedures for handling variations and changes to scope
9. Intellectual Property Rights: Ownership and licensing of IP created during development
10. Term and Termination: Duration of agreement and termination provisions
1. Performance Security: Requirements for performance bonds or guarantees (used for high-value projects or where required by regulations)
2. Environmental Compliance: Environmental obligations and green building requirements (used for projects with significant environmental impact)
3. Foreign Labor: Requirements related to foreign workers (used when foreign labor will be utilized)
4. Force Majeure: Provisions for unforeseen circumstances (used for long-term projects or high-risk environments)
1. Project Specifications: Detailed technical specifications and requirements
2. Payment Schedule: Detailed breakdown of payment milestones and amounts
3. Project Timeline: Detailed project schedule with milestones and deadlines
4. Key Personnel: List of key team members and their roles
5. Site Plans: Drawings, plans, and site specifications
6. Quality Standards: Applicable quality standards and requirements
7. Insurance Requirements: Details of required insurance coverage
8. Forms and Templates: Standard forms for change requests, approvals, etc.
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