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Conditional Sale Agreement
"Need a Conditional Sale Agreement for the sale of industrial machinery worth SGD 500,000 to a manufacturing company, with monthly installments over 24 months and retention of title until final payment is made in March 2025."
1. Parties: Identification and details of the seller and buyer
2. Background: Context of the transaction and relationship between parties
3. Definitions: Key terms used throughout the agreement
4. Sale and Purchase: Core terms of the conditional sale including price and goods description
5. Payment Terms: Structure and timing of payments, including conditions
6. Title and Risk: When title passes and risk allocation
7. Default and Remedies: Consequences of default and available remedies
8. Governing Law: Specification of Singapore law as governing law
1. Insurance: Required when goods need specific insurance coverage during the conditional sale period
2. Security Interest: Provisions for registration of security interest in goods when additional security is required
3. Maintenance and Use: Conditions for maintenance and permitted use of goods, typically for complex or high-maintenance items
1. Schedule 1 - Description of Goods: Detailed specification of goods being sold
2. Schedule 2 - Payment Schedule: Detailed payment terms and installment schedule
3. Schedule 3 - Condition Report: Initial condition of goods and any existing defects or marks
4. Appendix A - Warranty Terms: Detailed warranty provisions and conditions
Authors
Applicable Law
Business Day
Completion
Conditions
Confidential Information
Default Event
Default Interest Rate
Delivery Date
Deposit
Effective Date
Encumbrance
Force Majeure Event
Goods
Installation
Installment Payment
Insurance Requirements
Interest Rate
Maintenance Requirements
Outstanding Balance
Payment Date
Payment Schedule
Purchase Price
Relevant Period
Security Interest
Specification
Title
Transfer Date
Warranty Period
Payment Terms
Delivery and Acceptance
Title and Risk
Conditions Precedent
Security Interest
Insurance
Warranties and Representations
Maintenance and Use
Default and Termination
Repossession Rights
Force Majeure
Assignment and Transfer
Confidentiality
Notices
Entire Agreement
Severability
Amendment
Waiver
Further Assurance
Third Party Rights
Costs and Expenses
Governing Law
Dispute Resolution
Counterparts
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