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Deposit Agreement Of Purchase And Sale
"I need a Deposit Agreement of Purchase and Sale for a manufacturing equipment purchase worth SGD 2.5 million, where we require a 15% deposit to be held by our law firm until completion in March 2025, with specific provisions for technical inspection before release."
1. Parties: Identifies and defines the contracting parties
2. Background: Provides context and purpose of the agreement
3. Definitions: Defines key terms used throughout the agreement
4. Purchase Price and Deposit: Specifies the total purchase price and deposit amount
5. Payment Terms: Details the payment schedule and method
6. Deposit Handling: Specifies how the deposit will be held and managed
7. Conditions Precedent: Lists conditions that must be met before completion
8. Completion: Details the completion process and requirements
9. Default Provisions: Specifies consequences of default by either party
1. Due Diligence: Include when buyer requires inspection or investigation period for complex transactions or high-value purchases
2. Warranties: Specific warranties about the subject of sale, included when additional assurances are required
3. Tax Provisions: Specific tax-related obligations, included when transaction has significant tax implications
4. Force Majeure: Provisions for unforeseen circumstances, included when extended completion timeframe is anticipated
1. Property Description Schedule: Detailed description of property or goods being purchased
2. Payment Schedule: Detailed breakdown of payment terms and dates
3. Due Diligence Checklist: List of required documents and investigations
4. Form of Transfer: Template for transfer documentation
5. Completion Checklist: List of items required for completion
Authors
Business Day
Completion
Completion Date
Conditions Precedent
Deposit
Deposit Account
Default Interest Rate
Due Diligence Period
Effective Date
Encumbrance
Force Majeure Event
Governing Law
Interest
Long Stop Date
Material Adverse Change
Notice
Parties
Purchase Price
Property
Goods
Purchaser
Related Documents
Representatives
Sale and Purchase
Seller
Vendor
SGD
Singapore Dollars
Stakeholder
Stakeholder Account
Stamp Duty
Tax
Transaction
Transfer
Warranties
Deposit Payment
Deposit Handling
Interest on Deposit
Stakeholder Obligations
Conditions Precedent
Due Diligence
Title and Ownership
Representations and Warranties
Completion
Default
Forfeiture
Return of Deposit
Force Majeure
Notices
Assignment
Confidentiality
Tax and Stamp Duty
Costs and Expenses
Governing Law
Dispute Resolution
Entire Agreement
Severability
Waiver
Amendment
Third Party Rights
Counterparts
Time of Essence
Further Assurance
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