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Pre Contract Agreement
"Need a Pre Contract Agreement for negotiations with a potential technology supplier in Singapore, including strict confidentiality provisions and a 6-month exclusivity period starting March 2025."
1. Parties: Identification and details of all parties involved in the pre-contract agreement
2. Background: Context, purpose, and objectives of entering into the pre-contract agreement
3. Definitions: Key terms and their meanings used throughout the agreement
4. Duration: Timeframe for negotiations and validity period of the pre-contract agreement
5. Confidentiality Obligations: Terms regarding the handling, use, and protection of confidential information exchanged during negotiations
6. Good Faith Obligations: Commitment to negotiate in good faith and general conduct expectations
7. Governing Law: Specification of Singapore law as the governing law and jurisdiction
1. Exclusivity: Provisions preventing parties from negotiating with other parties during the specified period
2. Cost Allocation: Terms specifying how pre-contract costs and expenses will be shared between parties
3. Break Fee: Provisions for compensation if negotiations fail or are terminated under specific circumstances
4. Intellectual Property Rights: Protection and ownership of IP rights during the negotiation period
5. Dispute Resolution: Process for resolving any disputes arising during the pre-contract period
1. Schedule 1 - Timeline: Proposed timeline for negotiations and key milestones
2. Schedule 2 - Information Requirements: List of required information and documents to be provided by each party
3. Schedule 3 - Authorized Representatives: List of persons authorized to negotiate and make decisions on behalf of each party
4. Schedule 4 - Confidential Information: Specific details of what constitutes confidential information for each party
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