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Business Exclusivity Agreement
"I need a Business Exclusivity Agreement for my technology company to grant exclusive distribution rights in Singapore and Malaysia to a local partner, with minimum performance requirements of $2M annual sales and an initial term of 3 years starting January 2025."
1. Parties: Identification and details of the contracting parties
2. Background: Context and purpose of the exclusivity agreement
3. Definitions: Key terms used throughout the agreement
4. Scope of Exclusivity: Detailed description of exclusive rights granted, including nature and extent of exclusivity
5. Duration: Term of the agreement and renewal provisions
6. Obligations: Rights and responsibilities of each party under the exclusivity arrangement
7. Termination: Circumstances and process for ending the agreement, including notice periods
8. Confidentiality: Provisions for protecting confidential information exchanged during the agreement
9. Governing Law: Specification of Singapore law as governing law and jurisdiction
1. Performance Metrics: Specific targets or KPIs, included when performance-based continuation is desired
2. Territory: Geographic scope of exclusivity, included when exclusivity is location-specific
3. Non-Competition: Additional competitive restrictions, used for enhanced protection of the exclusivity arrangement
4. Change of Control: Provisions for ownership changes, relevant for corporate agreements
5. Force Majeure: Provisions for unforeseen circumstances that may affect performance of obligations
1. Product/Service Schedule: Detailed list of products or services covered by the exclusivity agreement
2. Territory Map: Geographic definition of exclusive territory where applicable
3. Performance Criteria: Detailed metrics and measurement methods for performance evaluation
4. Fee Schedule: Payment terms, fee structures, and financial arrangements if applicable
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