Side Agreements are commonly used in Singapore when parties need to modify their existing contractual arrangements without drafting an entirely new agreement. These documents are particularly useful when specific terms need to be adjusted, clarified, or added to accommodate changing business circumstances or regulatory requirements. The Side Agreement must comply with Singapore contract law principles and should clearly reference the main agreement it modifies. It's essential for maintaining business flexibility while ensuring legal certainty and compliance with Singapore's regulatory framework.
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1. Parties: Identification of parties entering into the side agreement
2. Background: Context of the side agreement and reference to main agreement
3. Definitions: Key terms used in the agreement
4. Relationship with Main Agreement: How this side agreement relates to and affects the main agreement
5. Modified Terms: Specific terms being modified or added
6. Duration: Term of the side agreement
7. Governing Law: Confirmation of Singapore law governance
1. Confidentiality: Additional confidentiality provisions when handling sensitive information
2. Third Party Rights: Provisions regarding rights of parties not directly involved in the agreement
3. Data Protection: PDPA compliance provisions when personal data is involved
1. Schedule 1 - Main Agreement: Copy or reference to the main agreement being modified
2. Schedule 2 - Modified Terms: Detailed listing of specific modifications
3. Schedule 3 - Timeline: Implementation timeline if applicable
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