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Software Development And License Agreement
"I need a Software Development And License Agreement for my fintech startup to engage a development company to build a mobile payment app, with source code ownership and strict data protection requirements under Singapore law."
1. Parties: Details of contracting parties, including registered addresses and company registration numbers
2. Background: Context of the agreement and brief description of parties' intentions
3. Definitions: Key terms used throughout the agreement
4. Scope of Services: Detailed description of software development services and deliverables
5. Project Timeline: Development phases, milestones, and delivery dates
6. License Grant: Terms of software license, usage rights, and restrictions
7. Intellectual Property Rights: Ownership of IP, including pre-existing IP and newly developed software
8. Payment Terms: Fees, payment schedule, and invoicing requirements
9. Warranties and Representations: Standard warranties regarding services and deliverables
10. Term and Termination: Duration of agreement and termination provisions
1. Change Management: Process for handling change requests during software development
2. Service Level Agreement: Performance metrics and support requirements for the software
3. Data Protection: PDPA compliance requirements and data handling procedures
4. Source Code Escrow: Terms for source code deposit and release conditions
5. Cloud Services: Cloud hosting and security requirements for cloud-based solutions
1. Technical Specifications: Detailed technical requirements and functionality of the software
2. Service Level Requirements: Specific performance metrics and response times for support
3. Price Schedule: Detailed breakdown of fees and payment milestones
4. Acceptance Test Criteria: Specific criteria for accepting software deliverables
5. Third-Party Software: List of third-party components and their licenses
6. Data Processing Agreement: Detailed terms for handling personal data under PDPA
7. Project Plan: Detailed timeline and resource allocation for the development project
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