The Business Engagement Letter is a critical document used when establishing professional service relationships in Singapore. It serves as both a formal offer of services and a binding contract once accepted. This document is essential for protecting both parties' interests by clearly defining the scope of work, expectations, deliverables, and commercial terms. Under Singapore's legal framework, a Business Engagement Letter typically includes details about service scope, fees, timelines, confidentiality obligations, and liability limitations, while ensuring compliance with local regulations and professional standards.
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1. Service Provider Details: Full company name, registration number, registered address and contact details of the service provider
2. Client Details: Full company name, registration number, registered address and contact details of the client
3. Scope of Services: Detailed description of the professional services to be provided, including specific deliverables and exclusions
4. Fees and Payment Terms: Fee structure, payment schedule, billing procedures, and treatment of expenses
5. Timeline: Project duration, key milestones, and expected delivery dates
6. Confidentiality: Basic confidentiality obligations and handling of sensitive information
1. Team Composition: Details of key personnel involved in service delivery, their roles and responsibilities
2. Intellectual Property Rights: Provisions regarding ownership and usage rights of deliverables and pre-existing IP
3. Service Level Agreements: Specific performance metrics, standards, and response times for service delivery
4. Regulatory Compliance: Specific provisions relating to industry regulations and compliance requirements
5. Data Protection: Specific provisions for handling personal data under PDPA requirements
1. Fee Schedule: Detailed breakdown of fees, rates, and charges applicable to the engagement
2. Scope of Work: Detailed specifications of services, deliverables, and project requirements
3. Team Profile: Professional credentials and experience of key team members assigned to the engagement
4. Standard Terms and Conditions: General terms of business including liability, termination, and dispute resolution
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