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Standard Vendor Agreement
"I need a Standard Vendor Agreement under Singapore law for a software development company providing IT services to our firm, with specific focus on data protection and service level requirements, to be effective from March 2025."
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/Goods: Detailed description of products/services to be provided
5. Payment Terms: Pricing, payment schedule, and invoicing requirements
6. Term and Termination: Duration of agreement and termination conditions
7. Warranties and Representations: Guarantees provided by the vendor regarding services/goods
8. Confidentiality: Obligations regarding protection of confidential information
9. Liability and Indemnification: Allocation of risks and responsibilities between parties
10. Force Majeure: Provisions for unforeseen circumstances beyond parties' control
11. Governing Law and Jurisdiction: Specification of Singapore law and courts' jurisdiction
12. General Provisions: Miscellaneous legal provisions including notices, amendments, and entire agreement
1. Intellectual Property Rights: IP ownership and licensing terms - include when IP transfer or usage is involved
2. Data Protection: PDPA compliance obligations - include when personal data processing is involved
3. Service Levels: Performance metrics and standards - include for service-based agreements
4. Insurance: Insurance requirements - include when specific coverage is needed
5. Compliance with Laws: Specific regulatory compliance obligations - include when dealing with regulated industries
6. Business Continuity: Disaster recovery and business continuity requirements - include for critical services
1. Schedule 1 - Scope of Services: Detailed specification of services/goods to be provided
2. Schedule 2 - Commercial Terms: Detailed pricing, payment terms, and commercial arrangements
3. Schedule 3 - Service Levels: Performance metrics, KPIs, and service level requirements
4. Schedule 4 - Data Processing Agreement: PDPA compliance details and data processing terms
5. Schedule 5 - Key Personnel: List of key personnel and their roles/responsibilities
6. Schedule 6 - Technical Requirements: Technical specifications and requirements
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