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Master Pricing Agreement Template for Singapore

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Key Requirements PROMPT example:

Master Pricing Agreement

"I need a Master Pricing Agreement for my Singapore-based technology company to establish pricing terms with a software components supplier, including volume-based discounts and quarterly price reviews starting from March 2025."

What is a Master Pricing Agreement?

The Master Pricing Agreement is designed for businesses operating in Singapore seeking to establish long-term commercial relationships with standardized pricing terms. This document is particularly valuable when parties anticipate multiple transactions over time and need a consistent pricing framework. It incorporates Singapore's commercial law requirements while providing flexibility for volume-based pricing, currency adjustments, and market changes. The agreement typically serves as the primary reference point for all pricing-related matters between the parties, supporting both domestic and international trade relationships.

What sections should be included in a Master Pricing Agreement?

1. Parties: Identifies and defines the contracting parties

2. Background: Sets out the context and purpose of the agreement

3. Definitions: Defines key terms used throughout the agreement

4. Pricing Structure: Details the pricing methodology, rates, and calculations

5. Payment Terms: Specifies payment timing, method, and currency

6. Term and Termination: Duration of agreement and termination provisions

7. Confidentiality: Protections for confidential information

8. Governing Law: Specifies Singapore law as governing law

What sections are optional to include in a Master Pricing Agreement?

1. Volume Commitments: Minimum purchase obligations - include when there are specific volume requirements

2. Currency Adjustments: Exchange rate provisions - include for international transactions

3. Service Levels: Performance metrics and standards - include when services are included

4. Data Protection: PDPA compliance provisions - include when personal data is processed

What schedules should be included in a Master Pricing Agreement?

1. Schedule 1 - Price List: Detailed breakdown of prices for products/services

2. Schedule 2 - Product Specifications: Technical details of products covered

3. Schedule 3 - Service Level Agreement: Detailed service performance metrics

4. Schedule 4 - Payment Calculation Examples: Examples showing price calculations

5. Schedule 5 - Volume Discount Structure: Tiered pricing based on volume

Authors

Alex Denne

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

Relevant legal definitions
































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Industries

Contracts Act (Cap. 53): Primary legislation governing contract formation, validity requirements, and consideration principles in Singapore

Sale of Goods Act (Cap. 393): Regulates pricing terms, delivery obligations, and quality standards for goods transactions

Goods and Services Tax Act (Cap. 117A): Covers tax implications, GST registration requirements, and invoice requirements for business transactions

Competition Act (Cap. 50B): Addresses anti-competitive practices, price fixing regulations, and fair trading requirements

Electronic Transactions Act (Cap. 88): Governs electronic contracts, digital signatures, and electronic records

Personal Data Protection Act 2012: Regulates the collection, use, and disclosure of personal data in business transactions

Consumer Protection (Fair Trading) Act: Protects consumer interests and ensures fair trading practices when dealing with consumers

Unfair Contract Terms Act: Regulates limitation of liability and ensures reasonableness of contractual terms

Currency Act: Specifies currency requirements and payment terms in contracts

International Commercial Terms (Incoterms): Provides standardized terms for international trade transactions if applicable

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, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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