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Commercial Agreement
"I need a Commercial Agreement for my Singapore-based software company to provide cloud hosting services to enterprise clients, including service level commitments and data protection provisions, with the agreement starting from March 2025."
1. Parties: Identification and details of contracting parties including registered addresses and company registration numbers
2. Background: Context, purpose and commercial intent of the agreement
3. Definitions: Key terms used throughout the agreement and their specific meanings
4. Scope of Services/Goods: Detailed description of what is being provided, including specifications, quantities, and quality standards
5. Payment Terms: Price, payment schedule, payment methods, and consequences of late payment
6. Term and Termination: Duration of agreement, renewal terms, and conditions for termination
7. Representations and Warranties: Statements of fact and promises made by each party
8. Liability and Indemnity: Allocation of risks and responsibilities between parties
9. Dispute Resolution: Process for resolving disputes including jurisdiction and governing law
10. General Provisions: Standard boilerplate clauses including notices, amendments, and entire agreement
1. Intellectual Property Rights: Provisions regarding ownership, use, and protection of intellectual property when IP is created or transferred
2. Confidentiality: Obligations regarding protection and non-disclosure of confidential information
3. Force Majeure: Provisions dealing with unforeseen circumstances preventing performance
4. Data Protection: Compliance with Personal Data Protection Act (PDPA) and data handling requirements
5. Change Control: Process for managing changes to scope or terms during the agreement period
6. Insurance: Required insurance coverage and obligations
1. Schedule 1 - Services/Goods Specification: Detailed technical specifications of services or goods being provided
2. Schedule 2 - Pricing Schedule: Detailed breakdown of prices, rates, and payment milestones
3. Schedule 3 - Service Level Agreement: Performance metrics, service levels, and related penalties/rewards
4. Schedule 4 - Key Personnel: Details of key staff members responsible for contract delivery
5. Schedule 5 - Data Processing Agreement: Specific terms for handling personal data in compliance with PDPA
6. Schedule 6 - Change Control Procedure: Detailed process for implementing and documenting changes
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