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The Master Fee Protection Agreement serves as a cornerstone document in Singapore's private education sector, mandated by the Private Education Act 2009. This agreement is essential when private education institutions need to implement fee protection measures for student funds. It details how student fees are protected either through insurance or escrow arrangements, ensuring compliance with regulatory requirements and protecting student interests. The agreement typically includes comprehensive coverage terms, claim procedures, and specific obligations for all parties involved, making it a crucial document for educational institutions operating in Singapore.

1. Parties: Identification of the contracting parties (PEI and FPS provider)

2. Background: Context of the agreement and regulatory framework under Private Education Act 2009 and CPE requirements

3. Definitions: Key terms used throughout the agreement including FPS-specific terminology

4. Fee Protection Mechanism: Details of chosen protection method (insurance or escrow) and implementation

5. Coverage Terms: Scope and extent of fee protection, including maximum coverage amounts

6. Payment Terms: Fee collection and processing procedures, including timing and methods

7. Obligations of Parties: Detailed responsibilities of each party including regulatory compliance requirements

8. Term and Termination: Duration of agreement and conditions for termination or modification

9. Dispute Resolution: Procedures for handling disputes and applicable jurisdiction

10. Governing Law: Specification of Singapore law as governing law and relevant regulations