The Consultancy Agreement Between Two Companies is essential when one company wishes to engage another for professional advisory or consulting services in Singapore. This document is particularly crucial as it defines the commercial relationship, protects both parties' interests, and ensures compliance with Singapore's legal framework. The agreement typically covers service scope, deliverables, payment terms, intellectual property rights, confidentiality, and liability provisions. It's designed to provide clarity and legal certainty while being flexible enough to accommodate various consulting arrangements across different industries.
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1. Parties: Identification and details of both companies entering into the agreement
2. Background/Recitals: Context of the agreement and relationship between parties
3. Definitions: Key terms used throughout the agreement
4. Services: Detailed description of consulting services to be provided
5. Payment Terms: Fees, payment schedule, expenses, and invoicing procedures
6. Term and Termination: Duration of agreement and termination provisions
7. Confidentiality: Protection of confidential information
8. Intellectual Property: Ownership and rights to work products
1. Non-Competition: Restrictions on competitive activities - include when protecting business interests is crucial
2. Force Majeure: Provisions for unforeseeable circumstances - include for long-term or high-value services
3. Insurance: Insurance requirements and coverage - include when services involve significant risks
4. Data Protection: PDPA compliance provisions - include when personal data processing is involved
1. Schedule of Services: Detailed scope of work and deliverables
2. Fee Schedule: Detailed breakdown of fees and payment terms
3. Key Personnel: List of key consultants and their qualifications
4. Service Levels: Performance metrics and standards
5. Data Processing Agreement: Detailed data handling procedures if applicable
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