The Contract With No Termination Clause is specifically designed for business relationships where parties want to maintain an open-ended commitment without predetermined exit points. This document, governed by Singapore law, is particularly useful for essential business relationships where service continuity is crucial. It includes detailed provisions for performance standards, payment terms, and dispute resolution, while deliberately omitting termination mechanisms to ensure relationship stability. The contract requires careful consideration of Singapore contract law principles and statutory requirements to ensure enforceability.
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1. Parties: Identifies and defines all parties to the contract with full legal names and addresses
2. Background/Recitals: Sets out the context and purpose of the agreement
3. Definitions: Defines key terms used tHRoughout the agreement
4. Scope of Services/Obligations: Details the core obligations of each party
5. Payment Terms: Specifies payment amounts, schedules, and methods
6. Representations and Warranties: States the assurances and guarantees made by each party
7. Governing Law: Confirms Singapore law as governing law
1. Force Majeure: Addresses unforeseeable circumstances preventing fulfillment of obligations - recommended when parties want protection against extraordinary events
2. Confidentiality: Protects sensitive information exchanged during the contract - recommended when confidential information will be shared
3. Intellectual Property: Addresses ownership and usage of IP - recommended when IP is created or licensed under the agreement
4. Dispute Resolution: Sets out process for resolving disputes - recommended when parties want to specify alternative dispute resolution methods
1. Service Level Agreement: Detailed specifications of service standards and metrics
2. Price Schedule: Detailed breakdown of prices and payment terms
3. Technical Specifications: Detailed technical requirements or specifications
4. Contact Details: List of key contacts and notice recipients for each party
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