The Exclusive Dealing Contract is essential for businesses seeking to establish protected distribution channels or exclusive business relationships in Singapore. This document addresses the specific requirements of Singapore's competition law framework while detailing exclusivity terms, territorial rights, and performance obligations. It's particularly important for maintaining compliance with the Competition Act (Cap. 50B) and protecting both parties' commercial interests. The contract typically includes specific provisions for duration, termination, performance metrics, and competition law compliance.
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Key Requirements PROMPT example:
Exclusive Dealing Contract
"I need an Exclusive Dealing Contract under Singapore law for appointing a sole distributor of our medical devices in Southeast Asia, with specific performance targets and a minimum three-year commitment starting from January 2025."
1. Parties: Identification and details of contracting parties
2. Background: Context and purpose of the exclusive dealing arrangement
3. Definitions: Key terms used throughout the agreement
4. Scope of Exclusivity: Detailed terms of the exclusive arrangement including products/services covered
5. Duration: Term of the agreement including commencement and termination dates
6. Obligations: Rights and responsibilities of both parties under the exclusive arrangement
7. Payment Terms: Financial arrangements and payment conditions
8. Termination: Conditions and process for ending the agreement
9. General Provisions: Standard contractual terms including governing law, notices, and entire agreement
1. Performance Metrics: Specific targets and KPIs for measuring performance under the agreement
2. Territory: Geographic scope of exclusivity and territorial restrictions
3. Marketing Requirements: Promotional obligations and restrictions for both parties
4. Competition Compliance: Specific provisions ensuring compliance with competition laws
5. Training and Support: Details of any training or support to be provided under the arrangement
1. Products/Services Schedule: Detailed list and specifications of products or services covered by the agreement
2. Pricing Schedule: Detailed pricing structure, terms, and any volume-based arrangements
3. Performance Criteria: Detailed performance requirements, targets, and measurement methods
4. Territory Map: Geographic definition and maps of exclusive territory if applicable
5. Competition Law Compliance Protocol: Detailed procedures and guidelines for ensuring competition law compliance
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