The Written Agreement serves as a fundamental legal document for business relationships in Singapore. It is commonly used when parties need to formalize their commercial arrangements with clear, enforceable terms. This document type incorporates essential elements required under Singapore law, including offer, acceptance, consideration, and intention to create legal relations. It's particularly valuable for businesses seeking to establish clear contractual obligations while ensuring compliance with Singapore's legal framework, including the Contracts Act and related commercial legislation.
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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. Operative Provisions: Core obligations and rights of the parties
5. Duration: Term of the agreement and renewal provisions
6. Termination: Circumstances and process for ending the agreement
7. Governing Law: Specification of Singapore law as governing law
1. Confidentiality: Protection of sensitive information - include when confidential information is shared
2. Force Majeure: Provisions for unforeseen circumstances - recommended for long-term or high-value contracts
3. Assignment: Rights to transfer obligations - include when transfer rights need to be restricted
4. Dispute Resolution: Process for resolving disagreements - recommended for complex or high-value agreements
1. Services Schedule: Detailed description of services to be provided
2. Pricing Schedule: Detailed pricing structure and payment terms
3. Service Levels: Performance metrics and standards
4. Contact Details: Key personnel and communication protocols
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