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Yearly Contract Agreement
"I need a Yearly Contract Agreement for providing IT maintenance services to a Singapore-based client, starting from January 2025, with specific provisions for data security and quarterly performance reviews."
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. Term and Duration: Specific period of the agreement and renewal terms
5. Obligations of Parties: Core responsibilities and commitments
6. Payment Terms: Financial arrangements and payment schedule
7. Termination: Conditions and process for ending the agreement
8. Governing Law: Specification of Singapore law as governing law
1. Intellectual Property: Provisions governing ownership and use of intellectual property rights
2. Confidentiality: Non-disclosure obligations and protection of sensitive information
3. Force Majeure: Provisions for handling unforeseen circumstances and events beyond parties' control
4. Insurance: Requirements for insurance coverage and related obligations
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 including any variable components
3. Schedule 3 - Service Levels: Performance metrics, standards and related measurement criteria
4. Schedule 4 - Key Personnel: List of key personnel involved in contract execution and their roles
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