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Waiver Agreement Of Purchase And Sale
"I need a Waiver Agreement of Purchase and Sale to release the buyer from their obligation to purchase our manufacturing equipment, as they've encountered unexpected financial difficulties; the original agreement was signed for SGD 2.5 million and was due to complete in March 2025."
1. Parties: Identifies all parties to the agreement and their details
2. Background: Context of the original purchase and sale agreement and reason for waiver
3. Definitions: Key terms used throughout the agreement
4. Waiver Provisions: Specific rights, obligations, or conditions being waived
5. Consideration: Details of any consideration for the waiver
6. Governing Law: Specifies Singapore law as governing law
7. Execution: Signature blocks and execution requirements
1. Partial Waiver Provisions: Used when only specific parts of the original agreement are being waived
2. Conditions Precedent: Conditions that must be met before waiver becomes effective
3. Representations and Warranties: Statements of fact by parties regarding their authority to waive
1. Original Agreement: Copy of the original purchase and sale agreement being waived
2. Specific Rights Schedule: Detailed list of specific rights being waived
3. Authorization Documents: Corporate or other authorizations proving authority to waive
Authors
Original Agreement
Effective Date
Waiver Date
Original Purchase Price
Parties
Seller
Buyer
Property
Goods
Waived Rights
Waived Obligations
Consideration
Business Day
Completion
Confidential Information
Force Majeure
Governing Law
Original Completion Date
Representatives
Singapore Dollar
SGD
Transaction
Waiver Conditions
Working Day
Waiver
Consideration
Acknowledgments
Representations and Warranties
Continuing Obligations
Release
Indemnification
Confidentiality
Notices
Assignment
Further Assurance
Severability
Entire Agreement
Amendment
No Waiver
Costs
Counterparts
Third Party Rights
Governing Law
Dispute Resolution
Force Majeure
Survival
Authority
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