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Private Party Agreement Template for Singapore

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Key Requirements PROMPT example:

Private Party Agreement

"I need a Private Party Agreement for a joint property investment venture in Singapore with my business partner, covering profit sharing and decision-making rights, to commence from March 2025."

Document background
Private Party Agreements are essential documents for formalizing arrangements between individuals or small entities in Singapore. This type of agreement is commonly used when two or more private parties need to establish legally binding terms for their relationship, whether for business, property, or personal arrangements. The Private Party Agreement must comply with Singapore's Contract Law Act and includes key elements such as party details, terms and conditions, obligations, and dispute resolution mechanisms. It's particularly valuable for protecting all parties' interests while maintaining clarity about their respective rights and responsibilities.
Suggested Sections

1. Parties: Identification and details of all contracting parties

2. Background: Context and purpose of the agreement

3. Definitions: Key terms used throughout the agreement

4. Terms and Conditions: Core obligations and rights of the parties

5. Duration: Term of the agreement and renewal provisions

6. Governing Law: Specification of Singapore law as governing law

7. Execution: Signature blocks and execution provisions

Optional Sections

1. Confidentiality: Protection of confidential information - include when sensitive information is shared between parties

2. Intellectual Property: IP rights and obligations - include when IP is created or shared as part of the agreement

3. Force Majeure: Provisions for unforeseen circumstances - recommended for longer-term or high-value agreements

4. Dispute Resolution: Specific dispute resolution procedures - recommended for complex or high-value agreements

Suggested Schedules

1. Schedule 1 - Services/Deliverables: Detailed description of services or deliverables to be provided under the agreement

2. Schedule 2 - Pricing: Detailed pricing structure and payment terms

3. Schedule 3 - Special Conditions: Any special terms or conditions specific to this agreement

4. Appendix A - Contact Details: Key contact information for all parties

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions




















Clauses






















Industries

Contract Law Act 1999: Primary legislation governing contract formation, validity, and enforcement in Singapore (Chapter 53A)

Electronic Transactions Act: Regulates electronic transactions and digital signatures, providing legal recognition for electronic records and signatures

Misrepresentation Act: Governs false statements made during contract formation and provides remedies for misrepresentation

Civil Law Act: Foundational legislation covering various aspects of civil law including contracts in Singapore

Common Law Contract Formation: Legal principles covering offer, acceptance, consideration, and intention to create legal relations

Doctrine of Privity: Legal principle stating that a contract cannot confer rights or impose obligations upon any person who is not a party to the contract

Contractual Capacity: Legal requirements regarding parties' ability to enter into binding contracts (age, mental capacity, authority)

Duress and Undue Influence: Legal principles protecting against contracts made under pressure or improper influence

Personal Data Protection Act 2012: Governs the collection, use, and disclosure of personal data by organizations

Consumer Protection (Fair Trading) Act: Protects consumer interests and promotes fair trading practices in Singapore

Unfair Contract Terms Act: Regulates unfair terms in contracts and limits the extent to which liability can be excluded

Limitation Act: Sets time limits for bringing legal claims related to contract disputes

Singapore International Arbitration Act: Provides framework for international arbitration proceedings in Singapore

Mediation Act 2017: Promotes, encourages and facilitates the resolution of disputes through mediation

Force Majeure Principles: Legal principles governing unforeseeable circumstances preventing contract fulfillment

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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