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Simple Purchase And Sale Agreement
"I need a Simple Purchase and Sale Agreement under Singapore law for selling my manufacturing equipment to a local business, with delivery scheduled for March 2025 and payment to be made in two installments."
1. Parties: Identification and details of the buyer and seller
2. Background: Context and purpose of the agreement
3. Definitions: Key terms used throughout the agreement
4. Sale and Purchase: Core terms of the transaction including description of goods
5. Price and Payment: Purchase price, payment terms and method
6. Delivery: Delivery terms, timing, and location
7. Title and Risk: Transfer of ownership and risk provisions
8. Warranties: Basic warranties regarding goods and authority to sell
9. Governing Law: Specification of Singapore law as governing law
1. Condition and Inspection: Used for pre-owned goods or when inspection is required before purchase
2. Insurance: Insurance requirements during transit for high-value items or specific delivery arrangements
3. Intellectual Property: IP rights associated with goods, typically for branded goods or technology products
4. Confidentiality: Non-disclosure provisions for sensitive commercial transactions
5. Force Majeure: Provisions for unforeseen circumstances in longer-term or complex supply arrangements
1. Schedule 1 - Goods Description: Detailed specification of goods being sold
2. Schedule 2 - Price Breakdown: Detailed pricing information if complex pricing structure
3. Schedule 3 - Delivery Schedule: Detailed delivery terms if multiple deliveries
4. Appendix A - Warranty Terms: Detailed warranty conditions if applicable
5. Appendix B - Quality Standards: Specific quality requirements or standards
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