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Development Funding Agreement
"Need a Development Funding Agreement for a tech startup project where we're receiving SGD 2 million in staged payments from a venture capital firm, with specific milestones related to our AI platform development to be completed by March 2025."
1. Parties: Identification and details of all contracting parties involved in the development funding agreement
2. Background: Context of the development project, purpose of the funding arrangement, and relevant history of the relationship
3. Definitions: Key terms and their meanings as used throughout the agreement
4. Funding Terms: Details of funding amount, disbursement schedule, conditions precedent, and payment mechanisms
5. Development Obligations: Project milestones, deliverables, timelines, and performance standards
6. Representations and Warranties: Statements of fact and assurances from both parties regarding their capacity, authority, and project-related matters
7. Covenants: Ongoing obligations of both parties throughout the term of the agreement
8. Events of Default: Circumstances constituting breach and their consequences
9. Termination: Conditions and process for ending the agreement, including consequences of termination
10. General Provisions: Standard contractual provisions including governing law, notices, amendments, and dispute resolution
1. Security Arrangements: Details of any collateral, guarantees, or other security provisions - include when funding is secured against assets
2. Intellectual Property Rights: Ownership, licensing, and protection of intellectual property - include when development involves creation of IP
3. Environmental Compliance: Environmental obligations and standards - include for projects with environmental impact
4. Employment Matters: Provisions relating to project staff and contractors - include when development involves significant human resources
5. Regulatory Compliance: Specific regulatory obligations and requirements - include for heavily regulated industries
1. Schedule 1 - Project Timeline: Detailed development milestones, dates, and critical path activities
2. Schedule 2 - Disbursement Schedule: Breakdown of funding tranches, timing, and conditions for each disbursement
3. Schedule 3 - Technical Specifications: Detailed project requirements, standards, and technical parameters
4. Schedule 4 - Form of Progress Reports: Template and requirements for project status reporting
5. Schedule 5 - Security Documents: Forms of security documents, guarantees, or collateral arrangements
6. Schedule 6 - Key Personnel: List of key project team members and their roles
Authors
Applicable Laws
Approved Purpose
Business Day
Completion Date
Conditions Precedent
Confidential Information
Development
Development Period
Development Plan
Development Property
Disbursement
Disbursement Date
Encumbrance
Event of Default
Facility
Final Repayment Date
Financial Indebtedness
Force Majeure Event
Funding Amount
Interest Rate
Material Adverse Effect
Milestone
Milestone Date
Parties
Performance Criteria
Project
Project Account
Project Documents
Security
Security Documents
SGD
Singapore Dollars
Subsidiary
Term
Termination Date
Transaction Documents
Works
Funding Terms
Disbursement Conditions
Representations and Warranties
Covenants
Development Obligations
Project Milestones
Monitoring and Reporting
Security
Interest and Fees
Repayment
Events of Default
Remedies
Change Control
Force Majeure
Confidentiality
Intellectual Property
Assignment and Transfer
Notices
Amendments
Governing Law
Dispute Resolution
Termination
Indemnification
Insurance
Environmental Compliance
Health and Safety
Anti-Corruption
Data Protection
Boilerplate Provisions
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