Standard Contract for Singapore

Standard Contract Template for Singapore

This Standard Contract is a comprehensive legal agreement governed by Singapore law, designed to establish clear terms and conditions between parties engaging in business transactions. It incorporates key provisions required under Singapore's legal framework, including the Civil Law Act and Contract Law principles, while providing flexibility to accommodate various business relationships and transactions. The document ensures compliance with Singapore's regulatory requirements while maintaining commercial practicality.

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What is a Standard Contract?

The Standard Contract serves as a foundational document for establishing business relationships under Singapore law. It is particularly useful when parties need a robust yet flexible agreement that covers essential contractual elements while maintaining compliance with Singapore's legal requirements. This contract type is commonly used for regular business transactions and can be adapted for various commercial purposes. The document includes key provisions for obligations, payment terms, liability, and dispute resolution, all structured within Singapore's legal framework.

What sections should be included in a Standard Contract?

1. Parties: Identification and details of contracting parties

2. Background: Context and purpose of the agreement

3. Definitions: Key terms used throughout the agreement

4. Obligations: Core responsibilities of each party

5. Payment Terms: Financial arrangements and payment schedules

6. Term and Termination: Duration and conditions for ending the agreement

7. Governing Law: Specification of Singapore law as governing law

What sections are optional to include in a Standard Contract?

1. Confidentiality: Protection of sensitive information - include when confidential information is shared between parties

2. Intellectual Property: IP rights and ownership - include when IP is created or transferred during the contract

3. Force Majeure: Provisions for unforeseeable circumstances - include for long-term contracts or when significant obligations exist

4. Assignment: Rights to transfer obligations - include when transfer rights need to be restricted or controlled

What schedules should be included in a Standard Contract?

1. Schedule 1: Services: Detailed description of services to be provided

2. Schedule 2: Fees: Detailed breakdown of payment structure and pricing

3. Schedule 3: Service Levels: Performance metrics and standards for service delivery

4. Appendix A: Contact Details: Key contact information for all parties involved

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Singapore

Publisher

Genie AI

Document Type

Agreement Contract

Cost

Free to use
Clauses
Industries

Civil Law Act (Cap. 43): Primary legislation governing contractual relationships in Singapore, establishing basic principles of contract law

Contracts (Rights of Third Parties) Act: Governs when third parties may enforce terms of a contract to which they are not a party

Electronic Transactions Act: Regulates electronic contracts and digital signatures, providing legal recognition for electronic transactions

Misrepresentation Act: Deals with false statements made during contract formation and remedies available

Companies Act: Regulates corporate entities' capacity to enter into contracts and their obligations

Consumer Protection (Fair Trading) Act: Protects consumer interests in contractual relationships with businesses

Personal Data Protection Act 2012: Governs the collection, use, and disclosure of personal data in contractual relationships

Competition Act: Ensures contracts do not contain anti-competitive provisions or abuse market dominance

Unfair Contract Terms Act: Restricts the extent to which civil liability for breach of contract can be avoided

Sale of Goods Act: Specific regulations for contracts involving the sale of goods

Limitation Act: Sets time limits for bringing claims relating to contract breaches

Common Law Principles: Singapore follows English common law principles and local case law precedents in contract interpretation

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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