The Master Development And Supply Agreement is utilized when parties wish to establish a long-term relationship covering both product development and subsequent supply arrangements. This document is particularly relevant in Singapore's technology and manufacturing sectors, where it provides a robust framework for managing complex development projects followed by ongoing supply commitments. It addresses key aspects such as IP rights, quality standards, pricing mechanisms, and supply obligations, all within Singapore's legal framework. The agreement is especially useful for companies engaging in custom product development with intentions for continued manufacturing and supply arrangements.
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Key Requirements PROMPT example:
Master Development And Supply Agreement
"I need a Master Development and Supply Agreement for a Singapore-based software development company that will be developing custom AI modules for automotive manufacturers, with an expected development phase starting March 2025 and including quality assurance requirements specific to the automotive industry."
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 Development: Details of products/services to be developed
5. Supply Terms: Terms governing the supply of developed products
6. Pricing and Payment: Financial terms, payment schedules, and pricing mechanisms
7. Intellectual Property Rights: Ownership and licensing of IP
8. Confidentiality: Protection of confidential information
9. Term and Termination: Duration and termination provisions
1. Quality Assurance: Quality standards and testing procedures - include when specific quality requirements exist
2. Exclusivity: Exclusive development or supply arrangements - include when exclusive rights are granted
3. Minimum Purchase Commitments: Minimum order quantities - include when volume commitments are required
4. Change Management: Process for managing changes to specifications - include for complex development projects
1. Product Specifications: Detailed technical specifications of products
2. Pricing Schedule: Detailed pricing structure and terms
3. Development Milestones: Timeline and deliverables for development phase
4. Quality Standards: Specific quality requirements and testing procedures
5. Service Level Agreement: Performance metrics and service levels
6. Compliance Requirements: Regulatory and industry-specific compliance requirements
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