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Master Service Agreement And Statement Of Work
"Need a Master Service Agreement and Statement of Work for a Singapore-based software development company providing ongoing IT consulting services to a financial institution, with specific data protection requirements and quarterly payment milestones starting from March 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. Scope of Services: Overall scope and nature of services to be provided
5. Term and Termination: Duration of agreement and termination provisions
6. Payment Terms: Fees, invoicing, and payment conditions
7. Confidentiality: Protection of confidential information
8. Intellectual Property: Ownership and rights to IP created or used
9. Liability and Indemnification: Limitation of liability and indemnification provisions
10. Governing Law: Applicable law and jurisdiction (Singapore)
1. Data Protection: PDPA compliance provisions for handling personal data
2. Force Majeure: Provisions for unforeseeable circumstances affecting contract performance
3. Insurance: Insurance requirements and coverage obligations
4. Non-Competition: Competitive restrictions and market protection provisions
5. Change Control: Process for managing changes to services or agreement terms
1. Statement of Work: Detailed description of specific services, deliverables, and timelines
2. Service Levels: Performance metrics and service level requirements
3. Price Schedule: Detailed pricing, rates, and payment milestones
4. Data Processing Agreement: Specific terms for handling personal data under PDPA
5. Contact Details: Key personnel and escalation contacts for both parties
6. Technical Requirements: Technical specifications and requirements for service delivery
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