The Private Party Contract serves as a fundamental tool for formalizing agreements between individuals or small businesses in Singapore. This document type is particularly useful when two or more private parties need to establish clear, legally enforceable terms for their transaction or relationship. It incorporates essential elements required under Singapore contract law, including offer, acceptance, consideration, and intention to create legal relations. The document is designed to protect parties' interests while ensuring compliance with Singapore's legal framework, including the Contracts Act (Cap. 53) and relevant common law principles.
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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. Obligations: Core responsibilities of each party
5. Term and Termination: Duration and conditions for ending the agreement
6. Governing Law: Specification of Singapore law as governing law
1. Confidentiality: Provisions for protecting sensitive information shared between parties
2. Force Majeure: Provisions addressing unforeseen circumstances that may prevent contract performance
3. Assignment: Terms governing the transfer of rights and obligations under the contract
4. Dispute Resolution: Procedures for resolving disagreements between parties
1. Schedule of Services: Detailed description of services or deliverables to be provided
2. Schedule of Fees: Comprehensive breakdown of payment terms and fee structure
3. Schedule of Key Personnel: List of key individuals involved in contract execution with their roles
4. Schedule of Requirements: Technical or operational specifications and requirements
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