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The Bike Hire Purchase Agreement is a crucial document used in Singapore when purchasing bikes through installment payments. It is specifically designed to comply with Singapore's Hire-Purchase Act and related legislation, providing a structured framework for both parties. This agreement is commonly used for expensive bikes, motorcycles, or commercial bicycle fleets, where immediate full payment isn't feasible or desired. The document covers essential aspects including payment terms, maintenance requirements, insurance obligations, and ownership transfer conditions, while protecting both parties' interests under Singapore law.
