The Master Relationship Agreement serves as the cornerstone document for establishing long-term business relationships in Singapore. It provides an overarching framework under which parties can execute subsequent statements of work, purchase orders, or service agreements without renegotiating fundamental terms. This agreement type is particularly valuable for complex, multi-faceted business relationships where parties anticipate multiple transactions or service engagements over time. Operating under Singapore law, it incorporates essential protections and compliance requirements specific to the jurisdiction while maintaining flexibility for various business arrangements.
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Key Requirements PROMPT example:
Master Relationship Agreement
"Need a Master Relationship Agreement governed by Singapore law for a software development company providing services to multiple banking clients in Asia, with strong data protection and confidentiality provisions to be effective 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 Agreement: Overall framework of the relationship
5. Term and Termination: Duration and termination provisions
6. Payment Terms: Financial arrangements between parties
7. Confidentiality: Protection of confidential information
8. Liability and Indemnification: Risk allocation between parties
9. Governing Law: Applicable law and jurisdiction
1. Data Protection: PDPA compliance provisions - include when personal data processing is involved
2. Intellectual Property: IP ownership and licensing terms - include when IP rights are relevant to the relationship
3. Force Majeure: Provisions for unforeseeable circumstances - include for long-term commitments
4. Anti-Corruption: Compliance with anti-corruption laws - include for international relationships or government contracts
1. Schedule 1 - Services: Detailed description of services to be provided
2. Schedule 2 - Pricing: Detailed pricing structure and terms
3. Schedule 3 - Service Levels: Performance metrics and standards
4. Schedule 4 - Data Processing Requirements: Specific data handling procedures and requirements
5. Schedule 5 - Key Personnel: List of key personnel and their roles
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