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Business Development Contract
"Need a Business Development Contract for engaging a consultant to help expand our Singapore-based fintech company into Malaysia and Indonesia, with a success-fee structure and quarterly performance reviews starting from March 2025."
1. Parties: Identification and details of the contracting parties
2. Background/Recitals: Context and purpose of the business development arrangement
3. Definitions: Key terms used throughout the agreement
4. Scope of Services: Detailed description of business development activities and deliverables
5. Term and Termination: Duration of the agreement and termination provisions
6. Compensation: Payment terms, fees, and commission structures
7. Obligations of Parties: Specific responsibilities of each party
8. Confidentiality: Protection of confidential information and trade secrets
9. Governing Law: Specification of Singapore law as governing law
1. Non-Competition: Restrictions on competitive activities (include when protecting market position is crucial)
2. Intellectual Property Rights: Ownership and usage of IP (include when IP is created or shared during business development)
3. Force Majeure: Provisions for unforeseen circumstances (recommended for longer-term contracts or high-value agreements)
4. Data Protection: PDPA compliance provisions (required when personal data processing is involved)
5. Insurance: Insurance requirements (include for high-risk activities or large-scale projects)
1. Service Level Agreement: Detailed performance metrics and standards
2. Commission Structure: Detailed breakdown of commission calculations and payments
3. Territory Schedule: Definition of geographical areas covered
4. Target Customers: List of potential customers or market segments
5. Reporting Templates: Standard formats for activity and performance reporting
6. Contact Details: Key personnel and communication protocols
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