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Agreement For Deposit Payment
"I need an Agreement For Deposit Payment under Singapore law for a 25% deposit on industrial equipment worth SGD 500,000, with the deposit to be paid in three installments between January and March 2025, and specific provisions for refund if the equipment isn't delivered by June 2025."
1. Parties: Identification and details of the parties involved in the agreement
2. Background: Context and purpose of the deposit payment arrangement
3. Definitions: Key terms used throughout the agreement
4. Deposit Amount and Payment Terms: Specific details about the deposit amount and payment method
5. Purpose of Deposit: Clear statement of what the deposit is for
6. Refund Conditions: Terms under which the deposit will be refunded
7. Governing Law: Specification of Singapore law as governing law
1. Interest: Terms regarding any interest payable on the deposit - use when deposit is held for extended periods
2. Security Measures: Provisions for securing the deposit - use for large deposit amounts
3. Electronic Payment Terms: Specific provisions for electronic transfers - use when electronic payment methods are used
1. Payment Schedule: Detailed breakdown of payment timeline if deposit is paid in installments
2. Bank Details: Banking information for deposit payment
3. Supporting Documents: Any relevant documentation supporting the deposit arrangement
Authors
Deposit
Deposit Amount
Deposit Payment Date
Effective Date
Business Day
Bank Account
Payment Method
Refund
Refund Conditions
Force Majeure
Parties
Purpose
Interest Rate
Working Day
Notice
Default
Banking Hours
Confidential Information
Singapore Dollars
Transaction
Material Breach
Completion Date
Payment Reference
Authorized Representative
Deposit Amount
Refund Conditions
Purpose of Deposit
Interest
Bank Details
Default
Force Majeure
Confidentiality
Representations and Warranties
Notice Requirements
Assignment
Termination
Dispute Resolution
Governing Law
Entire Agreement
Amendments
Severability
Time of Essence
Further Assurance
Counterparts
Third Party Rights
Costs and Expenses
Set-off Rights
Electronic Transactions
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