Tooling Agreement for Singapore

Tooling Agreement Template for Singapore

A comprehensive legal agreement governed by Singapore law that establishes the terms and conditions for the design, manufacture, supply, and maintenance of industrial tools or equipment. The agreement covers specifications, quality standards, intellectual property rights, warranties, and commercial terms, while ensuring compliance with Singapore's Contract Law and relevant manufacturing regulations. It provides a framework for managing the relationship between tool manufacturers and buyers, including delivery timelines, acceptance criteria, and ongoing support arrangements.

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What is a Tooling Agreement?

The Tooling Agreement is essential for businesses requiring specialized manufacturing equipment or tools in Singapore. This contract type is particularly important in industries where precise specifications and quality standards are crucial. The agreement, governed by Singapore law, typically includes detailed technical requirements, acceptance criteria, warranty terms, and intellectual property provisions. It's designed to protect both the manufacturer's and buyer's interests while ensuring compliance with Singapore's manufacturing and contract law requirements. The document becomes necessary when companies need to commission custom tools or establish long-term tooling supply arrangements.

What sections should be included in a Tooling Agreement?

1. Parties: Identification and details of contracting parties, including registered addresses and company registration numbers

2. Background: Context of the agreement, including the purpose of the tooling arrangement and relationship between parties

3. Definitions: Key terms used throughout the agreement including 'Tools', 'Specifications', 'Deliverables', etc.

4. Scope of Work: Detailed description of tooling to be manufactured/supplied and associated services

5. Specifications and Quality Requirements: Technical requirements, quality standards, and acceptance criteria

6. Intellectual Property Rights: Ownership and usage rights of designs, modifications, and improvements

7. Payment Terms: Pricing, payment schedule, and invoicing requirements

8. Delivery and Timeline: Delivery schedule, milestones, and completion dates

9. Warranties: Quality guarantees and performance warranties

10. Term and Termination: Duration of agreement and termination provisions

What sections are optional to include in a Tooling Agreement?

1. Maintenance and Support: Terms for ongoing maintenance and support services when maintenance is part of the arrangement

2. Training: Provisions for training customer personnel when tools require specialized training for operation

3. Escrow Arrangements: Terms for holding designs or specifications in escrow for critical tools where backup access to designs is needed

4. Export Control: Compliance with export control regulations when tools or technology are subject to export restrictions

What schedules should be included in a Tooling Agreement?

1. Technical Specifications: Detailed technical requirements and drawings

2. Pricing Schedule: Detailed breakdown of costs and payment milestones

3. Quality Standards: Specific quality requirements and testing procedures

4. Acceptance Test Procedures: Detailed procedures for testing and accepting the tools

5. Maintenance Schedule: Schedule of maintenance activities and responsibilities

6. Key Personnel: List of key personnel involved in the project from both parties

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

Cost

Free to use

Relevant legal definitions

Clauses

Relevant Industries

Manufacturing
Automotive
Aerospace
Electronics
Plastics

Relevant Teams

Procurement
Operations
Quality Control
Engineering
Legal
Finance

Relevant Roles

Procurement Manager
Operations Director
Quality Control Manager
Manufacturing Engineer
Legal Counsel
Supply Chain Director

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What is a Tooling Agreement?

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What sections are optional to include in a Tooling Agreement?

What schedules should be included in a Tooling Agreement?

Authors

Alex Denne

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