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Pre Purchase Agreement
"I need a Pre Purchase Agreement for a bulk order of manufacturing equipment from a Singapore supplier, with staged payments starting March 2025 and delivery milestones spread across six months."
1. Parties: Identification and details of all contracting parties
2. Background: Context and purpose of the pre-purchase agreement
3. Definitions: Key terms used throughout the agreement
4. Subject Matter: Detailed description of goods/services being pre-purchased
5. Purchase Price and Payment Terms: Price, payment schedule, and payment methods
6. Delivery Terms: Timeline, method, and conditions of delivery
7. Warranties and Representations: Standard warranties regarding the goods/services
8. Termination: Circumstances and process for agreement termination
9. Governing Law: Specification of Singapore law as governing law
1. Intellectual Property Rights: Provisions covering IP ownership and licenses when the subject matter involves intellectual property
2. Confidentiality: Non-disclosure obligations for cases involving sensitive information exchange
3. Force Majeure: Provisions for unforeseen circumstances, typically included in long-term or high-value agreements
4. Insurance: Insurance requirements for high-value goods or risky transactions
5. Assignment: Rights to assign the agreement when transfer rights are important to the parties
1. Schedule 1: Product Specifications: Detailed technical specifications of goods
2. Schedule 2: Payment Schedule: Detailed breakdown of payment installments
3. Schedule 3: Delivery Schedule: Detailed timeline for delivery
4. Appendix A: Required Documentation: List of required documents for completion
5. Appendix B: Quality Standards: Applicable quality standards and certifications
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