Flat Fee Agreement Template for Singapore

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Key Requirements PROMPT example:

Flat Fee Agreement

"I need a Flat Fee Agreement for software development services to be provided to my tech startup, with a fixed price of $50,000 and delivery milestones spread across three phases to be completed by June 2025."

What is a Flat Fee Agreement?

The Flat Fee Agreement is commonly used in Singapore when parties wish to establish a clear, predetermined price for specific services or deliverables. This agreement type is particularly valuable when the scope of work can be clearly defined and both parties prefer cost certainty over time-based billing. Under Singapore law, this agreement typically includes detailed service descriptions, payment terms, delivery schedules, and performance standards. It's especially useful for project-based work where the service provider can accurately estimate the total effort required.

What sections should be included in a Flat Fee Agreement?

1. Parties: Identification and details of the contracting parties

2. Background: Context and purpose of the agreement

3. Definitions: Key terms used throughout the agreement

4. Scope of Services: Detailed description of services to be provided

5. Fee Structure: Flat fee amount, payment terms, and schedule

6. Term and Termination: Duration of agreement and termination provisions

7. Governing Law: Specification of Singapore law as governing law

What sections are optional to include in a Flat Fee Agreement?

1. Intellectual Property Rights: Provisions for protecting and transferring IP rights when services involve creation of intellectual property

2. Confidentiality: Provisions for protecting confidential information exchanged during the course of the agreement

3. Force Majeure: Provisions dealing with unforeseen circumstances that prevent performance of obligations

4. Data Protection: PDPA compliance provisions for handling personal data

What schedules should be included in a Flat Fee Agreement?

1. Schedule of Services: Detailed breakdown of services to be provided under the agreement

2. Payment Schedule: Detailed breakdown of payment milestones and amounts

3. Service Level Agreement: Performance metrics and standards for service delivery

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok��˰� | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Professional Services
Creative Industries
Technology
Construction

Relevant Teams

Legal
Finance
Operations
Procurement
Business Development

Relevant Roles

Project Manager
Consultant
Freelancer
Business Development Manager
Legal Counsel

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Let's create your Flat Fee Agreement

What is a Flat Fee Agreement?

What sections should be included in a Flat Fee Agreement?

What sections are optional to include in a Flat Fee Agreement?

What schedules should be included in a Flat Fee Agreement?

Authors

Alex Denne

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