1. Agreement Overview
These Terms of Service ("Terms") constitute a legally binding agreement between you ("Client", "you", or "your") and Current Mist Pte Ltd ("Current Mist", "we", "us", or "our"), a company incorporated in Singapore with registration number [Company Registration Number].
By engaging our services, accessing our website, or entering into any agreement with us, you acknowledge that you have read, understood, and agree to be bound by these Terms and all applicable laws and regulations.
2. Service Description
2.1 Consultation Services
Current Mist provides professional business consultation services including but not limited to:
- Startup consulting and business development
- Strategic planning and market analysis
- Legal compliance guidance and regulatory advice
- Financial planning and business modeling
- Human resources consulting
- Digital transformation strategy
- Marketing and business expansion planning
2.2 Service Delivery
Services may be delivered through various channels including:
- In-person consultations at our offices or client premises
- Virtual meetings via video conferencing platforms
- Written reports, recommendations, and deliverables
- Email and telephone support
- Training sessions and workshops
3. Client Obligations
3.1 Information Provision
You agree to:
- Provide accurate, complete, and timely information required for service delivery
- Update us promptly of any material changes to your circumstances
- Grant reasonable access to personnel, documents, and systems as needed
- Respond promptly to requests for information or clarification
3.2 Cooperation and Good Faith
You agree to:
- Cooperate in good faith throughout the engagement
- Designate appropriate personnel to work with our team
- Make decisions and provide approvals within agreed timeframes
- Implement recommendations at your own discretion and risk
4. Payment Terms
4.1 Fees and Charges
- Professional fees are based on time spent, project scope, or fixed fee arrangements as specified in individual engagement letters
- All fees are quoted in Singapore Dollars (SGD) unless otherwise specified
- Additional expenses incurred on your behalf will be charged separately
- Fees are subject to prevailing Goods and Services Tax (GST) rates
4.2 Payment Schedule
- Invoices are payable within 30 days of invoice date unless otherwise agreed
- For project-based work, payment schedules will be specified in engagement letters
- Retainer fees may be required for certain engagements
- Late payment charges of 1.5% per month may apply to overdue amounts
4.3 Disputed Invoices
Any disputes regarding invoices must be raised within 14 days of invoice receipt. Undisputed portions remain payable according to standard terms.
5. Intellectual Property
5.1 Our Intellectual Property
Current Mist retains ownership of:
- Our methodologies, frameworks, and proprietary tools
- Pre-existing intellectual property and know-how
- General knowledge and experience gained during engagements
- Website content, branding, and marketing materials
5.2 Client Intellectual Property
You retain ownership of:
- Your confidential information and business data
- Pre-existing intellectual property and trade secrets
- Customized deliverables created specifically for your use
5.3 Work Product
Reports, recommendations, and other deliverables created specifically for you become your property upon full payment, subject to our right to retain copies for our records and professional development.
6. Confidentiality
6.1 Mutual Obligations
Both parties agree to:
- Maintain confidentiality of non-public information
- Use confidential information solely for engagement purposes
- Implement appropriate security measures to protect confidential information
- Return or destroy confidential information upon engagement completion
6.2 Exceptions
Confidentiality obligations do not apply to information that:
- Is or becomes publicly available through no breach of these Terms
- Was known prior to disclosure
- Is independently developed without use of confidential information
- Must be disclosed by law or court order
7. Professional Standards and Limitations
7.1 Professional Conduct
We conduct our services in accordance with:
- Applicable professional standards and ethical guidelines
- Singapore laws and regulations
- Industry best practices and standards
- Our internal quality control procedures
7.2 Advisory Nature
Our services are advisory in nature. We:
- Provide recommendations based on information available at the time
- Do not make decisions on your behalf
- Are not responsible for implementation of recommendations
- Cannot guarantee specific outcomes or results
8. Limitation of Liability
8.1 Liability Cap
Our total liability for any claim arising from or related to our services shall not exceed the total fees paid by you for the specific engagement giving rise to the claim, or SGD $100,000, whichever is lower.
8.2 Excluded Damages
We shall not be liable for:
- Indirect, consequential, or special damages
- Loss of profits, revenue, or business opportunities
- Business interruption or loss of data
- Third-party claims or damages
8.3 Time Limitation
Claims must be brought within one (1) year of the completion of services or when the claim should reasonably have been discovered.
9. Indemnification
You agree to indemnify and hold Current Mist harmless from claims, damages, and expenses arising from:
- Your breach of these Terms or engagement agreements
- Your implementation of our recommendations
- Inaccurate or incomplete information provided by you
- Your violation of applicable laws or regulations
10. Termination
10.1 Termination Rights
Either party may terminate an engagement:
- By mutual written agreement
- For material breach after 14 days written notice and opportunity to cure
- Upon insolvency or bankruptcy of the other party
- For convenience with 30 days written notice
10.2 Effect of Termination
Upon termination:
- You remain liable for all fees incurred up to termination date
- We will deliver completed work product
- Confidentiality and limitation of liability provisions survive
- Each party returns the other's confidential information
11. Force Majeure
Neither party shall be liable for delays or failures in performance caused by events beyond their reasonable control, including but not limited to natural disasters, government actions, pandemics, labor disputes, or technological failures.
12. Data Protection and Privacy
We process personal data in accordance with our Privacy Policy and applicable data protection laws, including Singapore's Personal Data Protection Act (PDPA). By engaging our services, you consent to such processing as described in our Privacy Policy.
13. Independent Contractor
Current Mist is an independent contractor and not an employee, agent, or partner of the Client. Nothing in these Terms creates an employment relationship, partnership, or joint venture between the parties.
14. Governing Law and Dispute Resolution
14.1 Governing Law
These Terms are governed by the laws of Singapore, without regard to conflict of law principles.
14.2 Dispute Resolution
Disputes shall be resolved through:
- Negotiation: Good faith discussions for 30 days
- Mediation: If negotiation fails, mediation in Singapore
- Arbitration: Final resolution through Singapore International Arbitration Centre (SIAC) rules
14.3 Jurisdiction
For matters not subject to arbitration, Singapore courts shall have exclusive jurisdiction.
15. General Provisions
15.1 Entire Agreement
These Terms, together with specific engagement letters and our Privacy Policy, constitute the entire agreement between the parties.
15.2 Amendments
Terms may be modified only by written agreement signed by both parties. We may update general Terms with 30 days notice.
15.3 Severability
If any provision is deemed invalid or unenforceable, the remaining provisions shall remain in full force and effect.
15.4 Assignment
You may not assign these Terms without our written consent. We may assign these Terms in connection with a business sale or merger.
15.5 Waiver
Failure to enforce any provision does not constitute a waiver of that or any other provision.
16. Contact Information
Questions about these Terms should be directed to:
17. Professional Insurance
Current Mist maintains professional indemnity insurance appropriate to the nature and scope of our services. Details of coverage are available upon request.
18. Compliance with Laws
Both parties agree to comply with all applicable laws and regulations, including but not limited to:
- Singapore's anti-corruption and anti-bribery laws
- International trade and sanctions regulations
- Money laundering and terrorist financing prevention laws
- Tax and reporting obligations