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Preliminary Sales Agreement
"I need a Preliminary Sales Agreement under Singapore law for the sale of industrial machinery worth SGD 2.5 million, with a 6-month exclusivity period and specific conditions for technical due diligence to be completed by March 2025."
1. Parties: Identification and details of the contracting parties
2. Background: Context and purpose of the preliminary agreement
3. Definitions: Key terms used throughout the agreement
4. Subject Matter: Description of goods/services to be sold
5. Price and Payment Terms: Agreed price, payment schedule, and method
6. Duration: Validity period of the preliminary agreement
7. Governing Law: Specification of Singapore law as governing law
1. Due Diligence: Terms for conducting due diligence investigations when complex transactions or high-value sales are involved
2. Conditions Precedent: Conditions that must be met before proceeding to final agreement, used when certain prerequisites need to be satisfied
3. Exclusivity: Terms preventing seller from negotiating with other parties, used when buyer requires exclusive negotiation rights
4. Confidentiality: Protection of confidential information exchanged, used when sensitive information will be shared
1. Schedule 1: Product Specifications: Detailed description of goods/services to be sold
2. Schedule 2: Payment Schedule: Detailed breakdown of payment terms and milestones
3. Schedule 3: Due Diligence Requirements: List of documents and information required for due diligence
4. Appendix A: Form of Final Sale Agreement: Draft or outline of the intended final agreement
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