The Master Pricing Agreement is designed for businesses operating in Singapore seeking to establish long-term commercial relationships with standardized pricing terms. This document is particularly valuable when parties anticipate multiple transactions over time and need a consistent pricing framework. It incorporates Singapore's commercial law requirements while providing flexibility for volume-based pricing, currency adjustments, and market changes. The agreement typically serves as the primary reference point for all pricing-related matters between the parties, supporting both domestic and international trade relationships.
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Key Requirements PROMPT example:
Master Pricing Agreement
"I need a Master Pricing Agreement for my Singapore-based technology company to establish pricing terms with a software components supplier, including volume-based discounts and quarterly price reviews starting from March 2025."
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OR
1. Parties: Identifies and defines the contracting parties
2. Background: Sets out the context and purpose of the agreement
3. Definitions: Defines key terms used throughout the agreement
4. Pricing Structure: Details the pricing methodology, rates, and calculations
5. Payment Terms: Specifies payment timing, method, and currency
6. Term and Termination: Duration of agreement and termination provisions
7. Confidentiality: Protections for confidential information
8. Governing Law: Specifies Singapore law as governing law
1. Volume Commitments: Minimum purchase obligations - include when there are specific volume requirements
2. Currency Adjustments: Exchange rate provisions - include for international transactions
3. Service Levels: Performance metrics and standards - include when services are included
4. Data Protection: PDPA compliance provisions - include when personal data is processed
1. Schedule 1 - Price List: Detailed breakdown of prices for products/services
2. Schedule 2 - Product Specifications: Technical details of products covered
3. Schedule 3 - Service Level Agreement: Detailed service performance metrics
4. Schedule 4 - Payment Calculation Examples: Examples showing price calculations
5. Schedule 5 - Volume Discount Structure: Tiered pricing based on volume
Authors
Relevant legal definitions
Agreement
Affiliate
Applicable Law
Business Day
Commencement Date
Confidential Information
Contract Price
Delivery Location
Effective Date
Force Majeure Event
Goods
GST
Initial Term
Intellectual Property Rights
Minimum Purchase Commitment
Order
Parties
Price List
Products
Purchase Order
Quarter
Renewal Term
Services
Specifications
Statement of Work
Subsidiary
Supplier Personnel
Term
Territory
VAT
Volume Discount
Working Hours
Affiliate
Applicable Law
Business Day
Commencement Date
Confidential Information
Contract Price
Delivery Location
Effective Date
Force Majeure Event
Goods
GST
Initial Term
Intellectual Property Rights
Minimum Purchase Commitment
Order
Parties
Price List
Products
Purchase Order
Quarter
Renewal Term
Services
Specifications
Statement of Work
Subsidiary
Supplier Personnel
Term
Territory
VAT
Volume Discount
Working Hours
Clauses
Pricing Structure
Payment Terms
Volume Commitments
Price Adjustments
Currency
Ordering Process
Delivery
Term and Duration
Termination
Price Reviews
Confidentiality
Force Majeure
Warranties
Liability Limitations
Invoice Requirements
Taxes
Dispute Resolution
Governing Law
Assignment
Entire Agreement
Notices
Amendments
Audit Rights
Most Favored Customer
Volume Discounts
Rebates
Product Specifications
Quality Requirements
Performance Standards
Insurance
Compliance with Laws
Data Protection
Anti-Corruption
Competition Law Compliance
Severability
Waiver
Payment Terms
Volume Commitments
Price Adjustments
Currency
Ordering Process
Delivery
Term and Duration
Termination
Price Reviews
Confidentiality
Force Majeure
Warranties
Liability Limitations
Invoice Requirements
Taxes
Dispute Resolution
Governing Law
Assignment
Entire Agreement
Notices
Amendments
Audit Rights
Most Favored Customer
Volume Discounts
Rebates
Product Specifications
Quality Requirements
Performance Standards
Insurance
Compliance with Laws
Data Protection
Anti-Corruption
Competition Law Compliance
Severability
Waiver
Relevant Industries
Relevant Teams
Relevant Roles
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