The Consultancy Agreement Between Two Companies is essential when one company wishes to engage another for professional advisory or consulting services in Singapore. This document is particularly crucial as it defines the commercial relationship, protects both parties' interests, and ensures compliance with Singapore's legal framework. The agreement typically covers service scope, deliverables, payment terms, intellectual property rights, confidentiality, and liability provisions. It's designed to provide clarity and legal certainty while being flexible enough to accommodate various consulting arrangements across different industries.
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Key Requirements PROMPT example:
Consultancy Agreement Between Two Companies
"I need a Consultancy Agreement Between Two Companies for my technology consulting firm to provide digital transformation services to a manufacturing company in Singapore, with specific IP protection clauses and performance metrics starting from March 2025."
1. Parties: Identification and details of both companies entering into the agreement
2. Background/Recitals: Context of the agreement and relationship between parties
3. Definitions: Key terms used throughout the agreement
4. Services: Detailed description of consulting services to be provided
5. Payment Terms: Fees, payment schedule, expenses, and invoicing procedures
6. Term and Termination: Duration of agreement and termination provisions
7. Confidentiality: Protection of confidential information
8. Intellectual Property: Ownership and rights to work products
1. Non-Competition: Restrictions on competitive activities - include when protecting business interests is crucial
2. Force Majeure: Provisions for unforeseeable circumstances - include for long-term or high-value services
3. Insurance: Insurance requirements and coverage - include when services involve significant risks
4. Data Protection: PDPA compliance provisions - include when personal data processing is involved
1. Schedule of Services: Detailed scope of work and deliverables
2. Fee Schedule: Detailed breakdown of fees and payment terms
3. Key Personnel: List of key consultants and their qualifications
4. Service Levels: Performance metrics and standards
5. Data Processing Agreement: Detailed data handling procedures if applicable
Authors
Relevant legal definitions
Agreement
Confidential Information
Consulting Services
Deliverables
Effective Date
Fees
Force Majeure Event
Intellectual Property Rights
Key Personnel
Material Breach
Project
Scope of Work
Services
Service Levels
Term
Territory
Work Product
Working Day
Client Materials
Consultant Representative
Client Representative
Commencement Date
Completion Date
Milestone
Pre-existing Materials
Project Schedule
Specifications
Subcontractor
Third Party Materials
Applicable Laws
Confidential Information
Consulting Services
Deliverables
Effective Date
Fees
Force Majeure Event
Intellectual Property Rights
Key Personnel
Material Breach
Project
Scope of Work
Services
Service Levels
Term
Territory
Work Product
Working Day
Client Materials
Consultant Representative
Client Representative
Commencement Date
Completion Date
Milestone
Pre-existing Materials
Project Schedule
Specifications
Subcontractor
Third Party Materials
Applicable Laws
Clauses
Services and Scope
Term and Duration
Payment and Fees
Intellectual Property
Confidentiality
Data Protection
Warranties and Representations
Liability and Indemnification
Force Majeure
Termination
Non-Competition
Non-Solicitation
Assignment and Subcontracting
Insurance
Compliance with Laws
Dispute Resolution
Governing Law
Notices
Entire Agreement
Severability
Amendment and Variation
Relationship of Parties
Third Party Rights
Performance Standards
Reporting Requirements
Record Keeping
Audit Rights
Key Personnel
Service Levels
Change Control
Term and Duration
Payment and Fees
Intellectual Property
Confidentiality
Data Protection
Warranties and Representations
Liability and Indemnification
Force Majeure
Termination
Non-Competition
Non-Solicitation
Assignment and Subcontracting
Insurance
Compliance with Laws
Dispute Resolution
Governing Law
Notices
Entire Agreement
Severability
Amendment and Variation
Relationship of Parties
Third Party Rights
Performance Standards
Reporting Requirements
Record Keeping
Audit Rights
Key Personnel
Service Levels
Change Control
Relevant Industries
Relevant Teams
Relevant Roles
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