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Contract For Installment Payments
"I need a Contract For Installment Payments for the sale of manufacturing equipment worth SGD 500,000, to be paid in 24 monthly installments starting March 2025, with a security interest in the equipment and early payment options."
1. Parties: Identification and details of all parties involved in the agreement
2. Background: Context and purpose of the installment payment arrangement
3. Definitions: Key terms used throughout the agreement
4. Payment Terms: Details of installment amounts, payment schedule, and payment method
5. Interest Rates: Applicable interest rates and calculation method
6. Default Provisions: Consequences of missing payments or defaulting
7. Term and Termination: Duration of agreement and termination conditions
1. Security: Details of any collateral or security provided - use when the agreement is secured by assets
2. Insurance Requirements: Required insurance coverage for secured assets - use when assets are involved and require protection
3. Early Payment Provisions: Terms for early repayment or settlement - use when early payment options are offered
4. Assignment: Rights to assign the agreement to third parties - use when assignment rights are relevant
1. Payment Schedule: Detailed breakdown of payment dates and amounts
2. Asset Schedule: Description of any assets involved in the agreement
3. Interest Calculation Schedule: Detailed method for calculating interest
4. Security Documents: Related security documentation if applicable
Authors
Business Day
Commencement Date
Completion Date
Default Event
Default Interest Rate
Due Date
Early Payment
Effective Date
Event of Default
Facility
Final Payment Date
Goods
Installment Amount
Installment Period
Interest Rate
Late Payment Fee
Outstanding Balance
Parties
Payment Date
Payment Schedule
Principal Amount
Purchase Price
Relevant Rate
Repayment Schedule
Security
Security Documents
Singapore Dollars
Term
Total Amount Payable
Payment Terms
Interest
Security
Representations and Warranties
Default
Acceleration
Early Payment
Force Majeure
Assignment
Notices
Confidentiality
Data Protection
Governing Law
Dispute Resolution
Severability
Amendment
Entire Agreement
Counterparts
Third Party Rights
Set-Off
Further Assurance
Costs and Expenses
Electronic Execution
Default Interest
Late Payment
Termination
Survival
Time of Essence
Indemnification
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