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Installment Sale Agreement
"I need an Installment Sale Agreement for selling industrial machinery worth SGD 500,000 to a manufacturing company, with monthly payments spread over 24 months starting March 2025, including specific maintenance requirements and security interest provisions."
1. Parties: Identification and details of the seller and purchaser
2. Background: Context of the sale and brief description of the transaction
3. Definitions: Key terms used throughout the agreement
4. Sale and Purchase: Core terms of the sale including description of goods and price
5. Payment Terms: Installment schedule, amounts, and payment methods
6. Delivery and Title: Terms regarding delivery of goods and transfer of ownership
7. Warranties: Seller's warranties regarding the goods
8. Default and Remedies: Consequences of default and available remedies
9. Governing Law: Specification of Singapore law as governing law
1. Security Interest: Terms regarding security over goods until full payment
2. Insurance: Requirements for insurance of goods
3. Maintenance and Use: Terms regarding maintenance and permitted use of goods
4. Early Payment: Terms for early payment options and any discounts
1. Schedule 1 - Description of Goods: Detailed specification of goods being sold
2. Schedule 2 - Payment Schedule: Detailed installment payment dates and amounts
3. Schedule 3 - Delivery Schedule: Delivery timeline and specifications if phased delivery
4. Appendix A - Warranty Terms: Detailed warranty terms and conditions
5. Appendix B - Maintenance Requirements: Detailed maintenance specifications if applicable
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