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Simple Business Purchase Agreement
"I need a Simple Business Purchase Agreement for buying IT equipment worth $50,000 from a Singapore supplier, with monthly installment payments over 12 months starting from March 2025."
1. Parties: Identification and details of buyer and seller
2. Background: Context and purpose of the agreement
3. Definitions: Key terms used throughout the agreement
4. Subject Matter: Description of goods being purchased
5. Purchase Price: Amount and payment terms
6. Delivery Terms: Timing and method of delivery
7. Warranties: Basic warranties regarding goods quality and title
8. Governing Law: Specification of Singapore law as governing law
1. Inspection Rights: Buyer's rights to inspect goods - include for complex or high-value goods
2. Insurance: Insurance requirements during transit - include for international sales or high-value goods
3. Intellectual Property: IP rights and licenses - include when goods involve intellectual property rights
4. Confidentiality: Non-disclosure obligations - include when sensitive information is shared
1. Product Specification Schedule: Detailed technical specifications of goods
2. Price Schedule: Detailed breakdown of prices if multiple items
3. Delivery Schedule: Detailed delivery timeline if multiple shipments
4. Quality Standards Appendix: Applicable quality standards and certifications
Authors
Sale and Purchase
Price and Payment
Delivery
Title and Risk
Warranties
Quality Standards
Inspection Rights
Returns and Refunds
Force Majeure
Termination
Confidentiality
Liability Limitations
Insurance
Notices
Assignment
Entire Agreement
Severability
Waiver
Governing Law
Dispute Resolution
Amendment
Third Party Rights
Counterparts
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