Third Party Management Agreements are essential in Singapore's business environment where companies increasingly rely on external expertise for operational efficiency. These agreements are particularly important given Singapore's strict regulatory framework and the need for clear governance structures. The document typically covers service delivery, performance standards, risk management, data protection, and compliance with local regulations. A Third Party Management Agreement is crucial when organizations seek to outsource management functions while maintaining control and oversight, especially in regulated industries where MAS guidelines may apply.
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1. Parties: Identification and details of 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 management services to be provided
5. Term and Termination: Duration of agreement and termination provisions
6. Fees and Payment: Compensation structure and payment terms
7. Obligations and Responsibilities: Duties of each party
8. Confidentiality: Protection of sensitive information
9. Governing Law: Application of Singapore law and jurisdiction
1. Data Protection: PDPA compliance provisions for personal data processing
2. Intellectual Property: IP ownership and licensing terms for created or transferred IP
3. Staff Transfer: Terms for employee secondment or transfer arrangements
4. Insurance: Insurance requirements and coverage specifications
1. Service Level Agreement: Detailed service specifications and performance metrics
2. Fee Schedule: Detailed breakdown of fees and charges
3. Key Personnel: List of key staff and their roles
4. Data Processing Agreement: Detailed data handling procedures and compliance requirements
5. Operational Procedures: Detailed processes and workflows
Relevant legal definitions
Clauses
Relevant Industries
Relevant Teams
Relevant Roles
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