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Cancellation Of Contract To Sell
"I need a Cancellation Of Contract To Sell for a commercial property transaction in Singapore, where both parties have mutually agreed to terminate the sale due to financing issues, with a full refund of the $500,000 deposit to be processed by March 15, 2025."
1. Parties: Identification of all parties involved in the original contract
2. Background: Details of the original contract and circumstances leading to cancellation
3. Definitions: Key terms used in the cancellation agreement
4. Cancellation Terms: Specific terms and conditions of the cancellation
5. Effective Date: When the cancellation takes effect
6. Mutual Release: Release of obligations and liabilities between parties
1. Refund Terms: Details of any refunds or payments, applicable when money has been exchanged under the original contract
2. Return of Property: Provisions for returning any property or goods, applicable when physical items or property need to be returned
3. Confidentiality: Obligations regarding confidential information, applicable when sensitive information was shared during the original contract
4. Surviving Obligations: Clauses that continue after cancellation, applicable when certain obligations need to survive the cancellation
1. Original Contract: Copy of the contract being cancelled
2. Payment Schedule: Details of any refunds or outstanding payments
3. Property Schedule: List of any property or items to be returned
4. Settlement Statement: Final accounting between the parties
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