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Market Development Agreement
"Need a Market Development Agreement under Singapore law for appointing a developer to expand our software products in Thailand and Vietnam, with quarterly performance targets and a minimum revenue requirement of SGD 2M for 2025."
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. Appointment and Territory: Scope of market development rights and geographical coverage
5. Rights and Obligations: Core responsibilities of each party
6. Performance Targets: Specific goals and metrics for market development
7. Term and Termination: Duration and conditions for ending the agreement
8. Confidentiality: Protection of sensitive information
9. Governing Law: Application of Singapore law and jurisdiction
1. Non-Competition: Restrictions on competitive activities when exclusive arrangements are required
2. Training and Support: Details of support provided by principal when technical or operational support is part of the arrangement
3. Insurance: Required insurance coverage when specific risks need to be covered
4. Force Majeure: Provisions for unforeseen circumstances when long-term commitments are involved
1. Territory Description: Detailed definition of geographical coverage
2. Performance Metrics: Specific KPIs and measurement methods
3. Product/Service Schedule: List of products/services covered by the agreement
4. Commission Structure: Detailed compensation arrangements
5. Marketing Guidelines: Brand usage and marketing requirements
6. Reporting Templates: Standard forms for performance reporting
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