The Tooling Agreement is essential for businesses requiring specialized manufacturing equipment or tools in Singapore. This contract type is particularly important in industries where precise specifications and quality standards are crucial. The agreement, governed by Singapore law, typically includes detailed technical requirements, acceptance criteria, warranty terms, and intellectual property provisions. It's designed to protect both the manufacturer's and buyer's interests while ensuring compliance with Singapore's manufacturing and contract law requirements. The document becomes necessary when companies need to commission custom tools or establish long-term tooling supply arrangements.
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1. Parties: Identification and details of contracting parties, including registered addresses and company registration numbers
2. Background: Context of the agreement, including the purpose of the tooling arrangement and relationship between parties
3. Definitions: Key terms used throughout the agreement including 'Tools', 'Specifications', 'Deliverables', etc.
4. Scope of Work: Detailed description of tooling to be manufactured/supplied and associated services
5. Specifications and Quality Requirements: Technical requirements, quality standards, and acceptance criteria
6. Intellectual Property Rights: Ownership and usage rights of designs, modifications, and improvements
7. Payment Terms: Pricing, payment schedule, and invoicing requirements
8. Delivery and Timeline: Delivery schedule, milestones, and completion dates
9. Warranties: Quality guarantees and performance warranties
10. Term and Termination: Duration of agreement and termination provisions
1. Maintenance and Support: Terms for ongoing maintenance and support services when maintenance is part of the arrangement
2. Training: Provisions for training customer personnel when tools require specialized training for operation
3. Escrow Arrangements: Terms for holding designs or specifications in escrow for critical tools where backup access to designs is needed
4. Export Control: Compliance with export control regulations when tools or technology are subject to export restrictions
1. Technical Specifications: Detailed technical requirements and drawings
2. Pricing Schedule: Detailed breakdown of costs and payment milestones
3. Quality Standards: Specific quality requirements and testing procedures
4. Acceptance Test Procedures: Detailed procedures for testing and accepting the tools
5. Maintenance Schedule: Schedule of maintenance activities and responsibilities
6. Key Personnel: List of key personnel involved in the project from both parties
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