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Deferred Purchase Agreement
"Need a Deferred Purchase Agreement for the acquisition of manufacturing equipment worth $2.5M from a Singapore supplier, with payments spread over 24 months starting March 2025, including security arrangements and installation terms."
1. Parties: Identification and details of the contracting parties
2. Background: Context and purpose of the deferred purchase arrangement
3. Definitions: Key terms used throughout the agreement
4. Purchase Price and Payment Terms: Details of purchase price, payment schedule, and interest (if applicable)
5. Delivery and Title: Terms regarding delivery and transfer of ownership
6. Warranties and Representations: Standard warranties from both parties
7. Default and Remedies: Consequences of default and available remedies
8. Governing Law and Jurisdiction: Specification of Singapore law and courts
1. Security Arrangements: Additional security provisions for the deferred payments, typically used in high-value transactions or with higher risk buyers
2. Insurance: Insurance requirements for the purchased items, included when dealing with valuable or high-risk items
3. Third Party Rights: Rights of third parties under the agreement, included when third parties have enforceable rights
1. Schedule 1 - Description of Goods: Detailed specification of items being purchased
2. Schedule 2 - Payment Schedule: Detailed payment terms and dates
3. Schedule 3 - Delivery Schedule: Timeline and terms for delivery
4. Appendix A - Form of Security: Template security documentation if applicable
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