Conditional Sale And Purchase Agreement

Conditional Sale And Purchase Agreement Template for Singapore

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Key Requirements PROMPT example:

"I need a Conditional Sale and Purchase Agreement under Singapore law for the sale of manufacturing equipment worth SGD 2.5 million, with completion subject to regulatory approvals and successful testing of the equipment by March 2025."

Document background

The Conditional Sale and Purchase Agreement is commonly used in Singapore for transactions where parties wish to ensure certain conditions are met before completing the sale. This document type is particularly relevant for high-value transactions or those requiring regulatory approvals, due diligence completion, or third-party consents. It includes detailed provisions on conditions precedent, completion mechanics, representations and warranties, and remedies for breach. Under Singapore law, this agreement provides a robust framework for managing risk and ensuring smooth transaction execution.

Suggested Sections

1. Parties: Identification and details of the contracting parties

2. Background: Context and purpose of the agreement

3. Definitions: Key terms used throughout the agreement

4. Subject Matter of Sale: Detailed description of goods/property being sold

5. Purchase Price: Amount, payment terms, and conditions

6. Conditions Precedent: Conditions that must be fulfilled before completion

7. Completion: Terms and process of completing the sale

8. Representations and Warranties: Statements of fact and assurances by parties

Optional Sections

1. Due Diligence: Terms for buyer's investigation rights when complex transactions or high-value assets are involved

2. Escrow Arrangements: Terms for holding funds in escrow when payment security is required

3. Post-Completion Obligations: Ongoing obligations after sale completion when continued cooperation is needed

4. Non-Competition: Restrictions on seller's future activities when protecting business goodwill

Suggested Schedules

1. Asset Schedule: Detailed list of assets included in sale

2. Conditions Precedent Checklist: List of conditions to be satisfied

3. Form of Transfer Documents: Templates for transfer documentation

4. Due Diligence Checklist: List of documents and items for verification

5. Payment Schedule: Detailed breakdown of payment terms and timing

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok��˰� | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Real Estate
Manufacturing
Technology
Retail
Automotive

Relevant Teams

Legal
Finance
Commercial
Procurement
Compliance

Relevant Roles

Chief Executive Officer
Chief Financial Officer
General Counsel
Commercial Director
Procurement Manager

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Let's create your Conditional Sale And Purchase Agreement

Authors

Alex Denne

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