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Deposit On Sales Contract
"I need a Deposit On Sales Contract under Singapore law for the sale of manufacturing equipment worth SGD 500,000, with a 10% deposit to be paid by March 2025 and completion scheduled for June 2025."
1. Parties: Identification and details of 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: Total price and payment terms
6. Deposit Terms: Amount, payment schedule, and conditions of deposit
7. Completion: Terms and timing of final transaction completion
8. Governing Law: Specification of Singapore law as governing law
1. Conditions Precedent: Conditions that must be met before completion - used for complex transactions or when specific prerequisites exist
2. Due Diligence: Buyer's right to investigate the subject matter - used for high-value transactions or business sales
3. Warranties: Seller's guarantees about the subject matter - used when specific assurances are required
4. Force Majeure: Provisions for unforeseen circumstances - used for longer-term contracts or high-value transactions
1. Schedule 1 - Property/Goods Description: Detailed specification of items being sold
2. Schedule 2 - Payment Schedule: Breakdown of deposit and payment installments
3. Schedule 3 - Completion Requirements: List of documents and actions required for completion
4. Appendix A - Due Diligence Requirements: List of documents to be provided for due diligence (for complex transactions)
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