Document background
The Master Framework Agreement serves as an umbrella agreement that streamlines repeated transactions between parties by establishing standardized terms and conditions. It is particularly useful for businesses operating in Singapore that anticipate multiple transactions or service engagements over time. This agreement type reduces negotiation time and transaction costs while ensuring consistency across dealings. The framework incorporates Singapore's legal requirements and commercial practices, providing a robust foundation for business relationships while maintaining flexibility for specific transaction details through subsequent order forms or statements of work.
