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Development Funding Agreement
"Need a Development Funding Agreement for a tech startup project where we're receiving SGD 2 million in staged payments from a venture capital firm, with specific milestones related to our AI platform development to be completed by March 2025."
1. Parties: Identification and details of all contracting parties involved in the development funding agreement
2. Background: Context of the development project, purpose of the funding arrangement, and relevant history of the relationship
3. Definitions: Key terms and their meanings as used throughout the agreement
4. Funding Terms: Details of funding amount, disbursement schedule, conditions precedent, and payment mechanisms
5. Development Obligations: Project milestones, deliverables, timelines, and performance standards
6. Representations and Warranties: Statements of fact and assurances from both parties regarding their capacity, authority, and project-related matters
7. Covenants: Ongoing obligations of both parties throughout the term of the agreement
8. Events of Default: Circumstances constituting breach and their consequences
9. Termination: Conditions and process for ending the agreement, including consequences of termination
10. General Provisions: Standard contractual provisions including governing law, notices, amendments, and dispute resolution
1. Security Arrangements: Details of any collateral, guarantees, or other security provisions - include when funding is secured against assets
2. Intellectual Property Rights: Ownership, licensing, and protection of intellectual property - include when development involves creation of IP
3. Environmental Compliance: Environmental obligations and standards - include for projects with environmental impact
4. Employment Matters: Provisions relating to project staff and contractors - include when development involves significant human resources
5. Regulatory Compliance: Specific regulatory obligations and requirements - include for heavily regulated industries
1. Schedule 1 - Project Timeline: Detailed development milestones, dates, and critical path activities
2. Schedule 2 - Disbursement Schedule: Breakdown of funding tranches, timing, and conditions for each disbursement
3. Schedule 3 - Technical Specifications: Detailed project requirements, standards, and technical parameters
4. Schedule 4 - Form of Progress Reports: Template and requirements for project status reporting
5. Schedule 5 - Security Documents: Forms of security documents, guarantees, or collateral arrangements
6. Schedule 6 - Key Personnel: List of key project team members and their roles
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