An Agreement Between Two Contractors is essential when independent professionals or businesses collaborate on projects in Singapore. This document outlines the nature of their working relationship, clearly distinguishing it from employer-employee arrangements under Singapore law. It covers crucial elements such as service scope, payment terms, intellectual property rights, and confidentiality obligations. The agreement is particularly important in Singapore's business environment, where clear contractual relationships are vital for tax purposes, liability protection, and regulatory compliance.
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1. Parties: Identification and details of both contractors
2. Background: Context of the agreement and relationship between contractors
3. Definitions: Key terms used throughout the agreement
4. Scope of Services: Detailed description of work to be performed by each contractor
5. Term and Termination: Duration of agreement and conditions for termination
6. Payment Terms: Compensation, payment schedule, and invoicing requirements
7. Obligations and Responsibilities: Duties and commitments of each contractor
8. Governing Law: Specification of Singapore law as governing jurisdiction
1. Non-Compete: Restrictions on competitive activities - used when protecting business interests from competition
2. Insurance Requirements: Required insurance coverage - used when work involves physical risk or valuable assets
3. Intellectual Property: Ownership and rights to created works - used when work involves creation of intellectual property
4. Force Majeure: Provisions for unforeseeable circumstances - used when long-term commitments are involved
1. Schedule A - Scope of Work: Detailed breakdown of services and deliverables
2. Schedule B - Payment Schedule: Detailed payment terms, milestones, and rates
3. Schedule C - Project Timeline: Key dates and milestones
4. Appendix 1 - Insurance Certificates: Copies of required insurance documentation
5. Appendix 2 - Required Qualifications: List of necessary certifications and qualifications
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