Framework Contracts are essential tools for businesses requiring regular procurement of goods or services without repeated contract negotiations. This Framework Contract, governed by Singapore law, establishes a master agreement that defines the commercial and legal framework for subsequent orders or statements of work. It typically includes pricing mechanisms, ordering procedures, and compliance requirements while maintaining flexibility for specific transaction details. The document is particularly valuable for businesses seeking to streamline their procurement processes while ensuring legal compliance in Singapore's business environment.
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1. Parties: Identification and details of contracting parties
2. Background: Context and purpose of the framework agreement
3. Definitions: Key terms used throughout the agreement
4. Scope of Framework: Parameters of the framework and covered activities
5. Term and Termination: Duration and termination provisions
6. Ordering Process: Procedure for placing orders under the framework
7. Pricing and Payment: Financial terms and payment mechanisms
8. Governing Law: Singapore law provisions and jurisdiction
1. Service Levels: Performance standards and metrics for service delivery
2. Change Control: Process for making changes to framework terms and conditions
3. Data Protection: PDPA compliance provisions and data handling requirements
1. Pricing Schedule: Detailed pricing structure and rates
2. Service Description: Detailed description of services/goods covered under the framework
3. Order Form Template: Standard form for placing orders under the framework
4. Service Levels Schedule: Detailed performance metrics and measurement criteria
5. Change Control Procedure: Detailed process for implementing changes to the framework
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