The Professional Services Contract is essential for businesses and professionals operating in Singapore who provide specialized services to clients. This document is designed to protect both parties' interests by clearly defining the scope of work, payment terms, deliverables, and professional obligations. It incorporates Singapore's legal requirements, including provisions for data protection, professional indemnity, and dispute resolution. The contract is particularly relevant for consultants, advisors, and specialized service providers who need a robust legal framework for their client engagements.
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Key Requirements PROMPT example:
Professional Services Contract
"Need a Professional Services Contract governed by Singapore law for my IT consulting firm to provide cloud migration services to a multinational bank, with strict data protection provisions and service level requirements starting March 2025."
1. Parties: Identifies and defines the contracting parties, including their registered addresses and company registration numbers
2. Background: Context and purpose of the agreement, including any relevant history or circumstances leading to the contract
3. Definitions: Key terms and expressions used tHRoughout the agreement and their specific meanings
4. Scope of Services: Detailed description of professional services to be provided, including deliverables and exclusions
5. Payment Terms: Fees, payment schedule, invoicing details, and any conditions for payment
6. Term and Termination: Duration of the agreement and conditions for termination, including notice periods and consequences
7. Confidentiality: Obligations regarding protection and non-disclosure of confidential information
8. Representations and Warranties: Statements and guarantees made by each party regarding their capacity and ability to perform
9. Liability and Indemnification: Limitations of liability and circumstances where parties must compensate for losses
10. Governing Law and Jurisdiction: Specification of Singapore law as governing law and jurisdiction for dispute resolution
1. Service Levels: Performance metrics, standards, and consequences for non-achievement of service levels
2. Intellectual Property: Ownership and licensing of IP created during service provision, and use of existing IP
3. Force Majeure: Provisions for handling unforeseen circumstances beyond parties' reasonable control
4. Non-Competition: Restrictions on competitive activities during and after the agreement term
5. Data Protection: Compliance with PDPA and handling of personal data
6. Insurance: Required insurance coverage and minimum policy amounts
1. Schedule 1 - Scope of Services: Detailed breakdown of services, deliverables, timelines, and performance requirements
2. Schedule 2 - Fee Schedule: Comprehensive pricing structure, payment milestones, and expense policies
3. Schedule 3 - Service Level Agreement: Detailed performance metrics, measurement methods, and remedies for non-performance
4. Schedule 4 - Key Personnel: List of key team members, their roles, and replacement procedures
5. Schedule 5 - Data Protection Requirements: Specific data handling procedures, security measures, and PDPA compliance requirements
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