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Flat Rate Agreement for Singapore

Flat Rate Agreement Template for Singapore

A legally binding agreement under Singapore law that establishes a fixed payment arrangement for specified services or deliverables. It outlines the scope of work, payment terms, timelines, and obligations of both parties, providing clarity and certainty in commercial relationships. The agreement incorporates Singapore's contractual requirements and includes provisions for dispute resolution under local jurisdiction.

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What is a Flat Rate Agreement?

The Flat Rate Agreement is designed for situations where parties wish to establish a clear, predetermined payment structure for services or deliverables in Singapore. This document is particularly useful when the scope of work can be clearly defined and parties prefer cost certainty over variable pricing. It incorporates Singapore's contractual requirements and commonly includes detailed specifications of deliverables, payment schedules, and performance standards. The agreement is especially relevant for project-based work where budget predictability is essential.

What sections should be included in a Flat Rate Agreement?

1. Parties: Identification and details of contracting parties

2. Background: Context and purpose of the agreement

3. Definitions: Key terms used throughout the agreement

4. Scope of Services: Detailed description of services/work to be provided

5. Payment Terms: Flat rate amount, payment schedule, and method

6. Duration: Term of the agreement

7. Termination: Conditions for ending the agreement

What sections are optional to include in a Flat Rate Agreement?

1. Intellectual Property: Rights and ownership of IP created during the agreement. Include when deliverables include creative or technical works

2. Confidentiality: Non-disclosure obligations and protection of sensitive information. Include when confidential information will be shared

3. Force Majeure: Provisions for unforeseen circumstances preventing performance. Recommended for longer-term or high-value agreements

4. Insurance: Insurance requirements and coverage obligations. Include when work involves physical risk or valuable assets

What schedules should be included in a Flat Rate Agreement?

1. Schedule of Rates: Detailed breakdown of the flat rate and payment milestones

2. Scope of Work: Detailed specifications of deliverables and performance requirements

3. Service Level Agreement: Performance metrics, standards, and service quality requirements

4. Contact Details: List of key personnel and communication protocols for both parties

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Singapore

Publisher

Ƶ

Document Type

Fee Agreement

Cost

Free to use
Relevant legal definitions




















Clauses
























Industries

Contract Law (Chapter 53): Primary legislation governing contract formation, validity, and enforcement in Singapore

Electronic Transactions Act: Regulates electronic contracts and digital signatures, ensuring their legal validity and enforceability

Consumer Protection (Fair Trading) Act: Protects consumer interests and ensures fair trading practices if the agreement involves consumers

Employment Act: Relevant if the flat rate agreement involves service provision or employment-like relationships

Central Provident Fund Act: Mandatory consideration if the agreement involves local service providers or employees

Goods and Services Tax Act: Governs GST implications on payments and transactions under the agreement

Income Tax Act: Regulates tax obligations and implications arising from the agreement

Stamp Duties Act: Determines if stamp duty is payable on certain types of agreements

Mediation Act: Framework for mediation as a dispute resolution mechanism

Arbitration Act: Governs arbitration proceedings for dispute resolution in Singapore

Supreme Court of Judicature Act: Establishes jurisdiction and powers of courts for legal proceedings related to the agreement

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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