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Conditional Sales Contract
"Need a Conditional Sales Contract for selling industrial machinery worth SGD 500,000 to a manufacturing company, with title retention until full payment is received in quarterly installments over 24 months starting March 2025."
1. Parties: Identification of seller and buyer with full legal names and addresses
2. Background: Context of the transaction and purpose of the agreement
3. Definitions: Key terms used throughout the agreement
4. Description of Goods: Detailed specification of goods being sold
5. Purchase Price and Payment Terms: Price, payment schedule, and conditions for transfer of title
6. Conditions Precedent: Conditions that must be met before title passes
7. Default and Remedies: Consequences of default and available remedies
8. Governing Law: Specification of Singapore law as governing law
1. Insurance: Requirements for insurance of goods when goods are of high value or risk
2. Security Interest: Details of any security interest retained by seller when additional security is required
3. Maintenance and Use: Requirements for maintaining goods, applicable for complex or valuable equipment
4. Assignment: Rights to assign the contract when assignment rights are important
1. Schedule 1 - Detailed Product Specification: Technical specifications and details of goods
2. Schedule 2 - Payment Schedule: Detailed payment terms and installment schedule
3. Schedule 3 - Condition Report: Initial condition of goods if relevant
4. Schedule 4 - Warranties: Detailed warranty terms and conditions
Authors
Goods
Purchase Price
Completion Date
Conditions
Completion
Default Event
Default Rate
Delivery Date
Delivery Location
Encumbrance
Installation
Insurance Requirements
Intellectual Property Rights
Maintenance Requirements
Payment Schedule
Permitted Use
Related Documents
Security Interest
Seller's Representatives
Specifications
Term
Title
Transfer Date
Warranties
Working Day
Material Adverse Change
Outstanding Balance
Secured Obligations
Business Hours
Title Retention
Payment Terms
Delivery
Risk and Insurance
Warranties
Condition Precedents
Default
Repossession Rights
Use and Maintenance
Security Interest
Assignment
Notices
Force Majeure
Indemnification
Termination
Governing Law
Dispute Resolution
Entire Agreement
Severability
Confidentiality
Further Assurance
Costs and Expenses
Installation and Training
Inspection Rights
Amendment
Waiver
Third Party Rights
Counterparts
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