The Client Acceptance Letter is a crucial document used when formally onboarding new clients in Singapore. It serves as both a welcome document and a legal record of the engagement terms. This document type is particularly important in regulated industries where clear documentation of client relationships is required. The letter typically includes service scope, fees, data protection provisions, and regulatory compliance statements, all aligned with Singapore's legal framework. Client Acceptance Letters are especially relevant for professional service providers who need to maintain clear records of client engagements and demonstrate compliance with regulatory requirements.
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Key Requirements PROMPT example:
Client Acceptance Letter
"Need a Client Acceptance Letter for my Singapore-based financial advisory firm to onboard a new corporate client, must include specific MAS compliance clauses and detailed fee structure for wealth management services starting March 2025."
1. Client Information: Full legal name and details of the client being accepted
2. Service Description: Clear outline of services to be provided
3. Engagement Terms: Key terms of the business relationship including fees and payment terms
4. Start Date: Effective date of the engagement
5. Acceptance Declaration: Clear statement of acceptance and signature blocks
1. Data Protection Notice: Required when personal data will be collected and processed under PDPA
2. Compliance Requirements: Industry-specific regulatory requirements for regulated industries (financial services, legal, etc.)
3. Special Terms: Any non-standard terms specific to the client when deviating from standard service terms
1. Standard Terms and Conditions: Detailed terms governing the relationship
2. Fee Schedule: Detailed breakdown of fees and charges
3. Service Level Agreement: Specific service standards and deliverables
4. KYC Documentation: Required client due diligence documents for regulated services or high-value engagements
Authors
Relevant legal definitions
Agreement
Client
Confidential Information
Data Protection Laws
Effective Date
Engagement
Engagement Letter
Fees
Force Majeure Event
Services
Service Provider
Standard Terms and Conditions
Term
Working Day
Personal Data
Processing
MAS
Regulatory Requirements
Affiliates
Authorized Representatives
Deliverables
Intellectual Property Rights
Key Personnel
Project
Service Levels
Territory
Investment Advice
Financial Products
Transaction
Software
System
User
Professional Fees
Scope of Work
Time Records
Client
Confidential Information
Data Protection Laws
Effective Date
Engagement
Engagement Letter
Fees
Force Majeure Event
Services
Service Provider
Standard Terms and Conditions
Term
Working Day
Personal Data
Processing
MAS
Regulatory Requirements
Affiliates
Authorized Representatives
Deliverables
Intellectual Property Rights
Key Personnel
Project
Service Levels
Territory
Investment Advice
Financial Products
Transaction
Software
System
User
Professional Fees
Scope of Work
Time Records
Clauses
Acceptance of Engagement
Scope of Services
Fees and Payment Terms
Client Obligations
Confidentiality
Data Protection
Term and Termination
Liability
Force Majeure
Governing Law
Notices
Anti-Money Laundering
Compliance with Laws
Intellectual Property
Service Levels
Key Personnel
Insurance
Non-Solicitation
Assignment
Dispute Resolution
Investment Risk Disclosure
Regulatory Compliance
Client Classification
Professional Standards
Conflicts of Interest
Document Retention
Service Availability
Data Security
Technical Support
Scope of Services
Fees and Payment Terms
Client Obligations
Confidentiality
Data Protection
Term and Termination
Liability
Force Majeure
Governing Law
Notices
Anti-Money Laundering
Compliance with Laws
Intellectual Property
Service Levels
Key Personnel
Insurance
Non-Solicitation
Assignment
Dispute Resolution
Investment Risk Disclosure
Regulatory Compliance
Client Classification
Professional Standards
Conflicts of Interest
Document Retention
Service Availability
Data Security
Technical Support
Relevant Industries
Relevant Teams
Relevant Roles
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