The Virtual Office Lease Agreement is essential for businesses seeking to establish a professional presence in Singapore without the need for physical office space. This document outlines the terms for virtual office services, ensuring compliance with Singapore's regulatory requirements, including ACRA regulations and the Companies Act. It covers crucial aspects such as registered address usage, mail handling, duration of service, and additional facilities while protecting both parties' interests. The agreement is particularly relevant for foreign companies, startups, and small businesses looking to maintain a business presence in Singapore cost-effectively.
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1. Parties: Details of the virtual office provider and client
2. Background: Context and purpose of the agreement
3. Definitions: Key terms used throughout the agreement
4. Services Provided: Detailed description of virtual office services
5. Term and Termination: Duration of agreement and termination conditions
6. Fees and Payment: Payment terms, amounts, and schedules
7. Use of Address: Terms governing the use of the virtual office address
1. Additional Services: Optional services like meeting room usage, call handling - include when additional services are offered beyond basic virtual office
2. Service Level Agreement: Specific performance metrics and standards - include for premium service packages or corporate clients
3. Insurance Requirements: Insurance obligations of both parties - include when physical access to premises is part of the agreement
1. Schedule of Services: Detailed breakdown of included services and pricing
2. Building Rules and Regulations: If physical access is provided, building-specific rules
3. Service Level Metrics: Detailed performance standards and measurements
4. Data Protection Agreement: PDPA compliance details and data handling procedures
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