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Evergreen Agreement
"I need an Evergreen Agreement for providing ongoing IT maintenance services to a Singapore-based client, with monthly billing and quarterly performance reviews, starting from March 2025."
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. Services/Scope: Description of services or obligations
5. Term and Renewal: Duration and automatic renewal provisions
6. Payment Terms: Pricing, payment schedule, and adjustment mechanisms
7. Termination Rights: Conditions and process for agreement termination
1. Force Majeure: Provisions for unforeseen circumstances preventing performance of obligations
2. Data Protection: PDPA compliance provisions for handling personal data
3. Intellectual Property: IP ownership, usage rights, and protection provisions
4. Change Control: Process for making changes to services/scope during the agreement term
1. Service Level Agreement: Detailed service specifications and performance metrics
2. Pricing Schedule: Detailed pricing structure and adjustment mechanisms
3. Data Processing Agreement: Detailed data handling procedures and compliance requirements
4. Contact Details: Key personnel and notification details for both parties
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