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1. Parties: Identifies and provides full details of all parties to the contract, including names, addresses, and any registration details
2. Background/Recitals: Sets out the context and purpose of the agreement, including any relevant history or circumstances leading to the contract
3. Definitions: Defines key terms used throughout the agreement to ensure consistent interpretation
4. Scope of Agreement: Clearly outlines what is covered under the contract and the basic obligations of each party
5. Term and Duration: Specifies the commencement date and duration of the agreement
6. Rights and Obligations: Details the specific rights and responsibilities of each party under the contract
7. Payment Terms: Specifies the amount, method, and timing of payments, including any conditions or milestones
8. Representations and Warranties: States the assurances and guarantees made by each party
9. Termination: Outlines the circumstances under which the contract can be terminated and the process for doing so
10. Governing Law and Jurisdiction: Specifies that Indian law governs the agreement and establishes jurisdiction for dispute resolution
11. Notices: Details how formal communications between parties should be made and delivered
12. Boilerplate Provisions: Standard legal clauses including severability, entire agreement, and amendment procedures
1. Confidentiality: Required when parties need to protect sensitive information exchanged during the contract period
2. Force Majeure: Recommended when external events could impact contract performance
3. Intellectual Property Rights: Necessary when the contract involves creation, use, or transfer of IP
4. Assignment and Delegation: Important when parties need to restrict or permit transfer of rights/obligations
5. Insurance: Required when specific insurance coverage needs to be maintained
6. Indemnification: Important for high-risk contracts or when specific protections are needed
7. Non-Compete: Used when restricting competitive activities is necessary
8. Dispute Resolution: Optional detailed procedures for handling disputes, including mediation or arbitration
9. Change Control: Necessary for contracts where scope or specifications might need modification
10. Service Levels: Required for service-based contracts with specific performance metrics
1. Schedule 1 - Scope of Work: Detailed description of services/goods/deliverables covered under the contract
2. Schedule 2 - Payment Schedule: Detailed breakdown of payment terms, milestones, and amounts
3. Schedule 3 - Technical Specifications: Detailed technical requirements or specifications
4. Schedule 4 - Service Levels: Detailed service level requirements and measurement criteria
5. Schedule 5 - Key Personnel: List of key individuals involved in contract execution
6. Appendix A - Forms and Notices: Standard forms and notice templates to be used during contract period
7. Appendix B - Contact Details: Detailed contact information for key representatives of each party
8. Appendix C - Required Documentation: List of documents required for contract execution or performance
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