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Conditional Donation Agreement

Conditional Donation Agreement Template for Singapore

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Key Requirements PROMPT example:

Conditional Donation Agreement

"I need a Conditional Donation Agreement for a corporate donation of SGD 500,000 to a local university, with conditions requiring the money to be used specifically for medical research and quarterly progress reports to be submitted until January 2025."

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Document background
A Conditional Donation Agreement is essential when making significant charitable contributions in Singapore where specific conditions must be met by the recipient. This document helps protect the donor's interests while ensuring the donation is used as intended. It includes detailed terms about the donation amount or property, conditions for use, reporting requirements, and potential repayment scenarios. The agreement must comply with Singapore's Charities Act, tax regulations, and other relevant legislation. It's particularly important for corporate giving, endowments, and large personal donations where specific outcomes or uses are expected.
Suggested Sections

1. Parties: Identifies and defines the donor and recipient

2. Background: Explains context and purpose of the donation

3. Definitions: Defines key terms used throughout the agreement

4. Donation Amount/Property: Specifies what is being donated

5. Conditions: Details the conditions attached to the donation

6. Payment/Transfer Terms: Specifies how and when the donation will be made

7. Representations and Warranties: Basic warranties from both parties

Optional Sections

1. Tax Provisions: Provisions relating to tax deductions and implications for the donation

2. Reporting Requirements: Recipient's obligations to report on use of donation, typically for large donations or when donor requires oversight

3. Return of Donation: Circumstances and procedures for returning the donation if conditions are not met

4. Publicity Rights: Terms governing the use of donor's name/logo by recipient, typically for corporate or high-profile donations

Suggested Schedules

1. Schedule 1: Description of Donated Property: Detailed description of non-monetary donations

2. Schedule 2: Payment Schedule: For donations made in installments

3. Schedule 3: Specific Conditions: Detailed conditions and requirements for use of donation

4. Appendix A: Required Reports: Format and content of required reporting

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions






























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Industries

Charities Act 1994: Primary legislation governing charitable organizations in Singapore, including regulations for receiving and managing donations, and compliance requirements for charities

Income Tax Act: Legislation governing tax implications and deductions for donations, including provisions for tax benefits and reporting requirements

Civil Law Act (Cap. 43): Fundamental legislation establishing general contract principles in Singapore law, which forms the basis for donation agreements

Contract Law Principles: Common law principles covering offer, acceptance, consideration, and intention to create legal relations, essential for the validity of the donation agreement

Doctrine of Conditional Gifts: Legal principle governing the establishment and enforcement of conditions attached to gifts or donations

Rule Against Perpetuities: Common law rule limiting the duration of conditions that can be placed on gifts or property transfers

Commissioner of Charities Regulations: Regulatory framework overseeing charitable organizations and donations in Singapore

MAS Regulations: Monetary Authority of Singapore regulations governing large monetary transactions and transfers

AML/CFT Regulations: Anti-Money Laundering and Countering the Financing of Terrorism regulations to prevent illegal fund transfers through donations

Stamp Duties Act: Legislation governing stamp duty requirements for property transfers and certain types of documented transactions

Personal Data Protection Act 2012: Legislation governing the collection, use, and disclosure of personal data in donation agreements and related documentation

Tax Deduction Schemes: Framework for tax benefits including the Double Tax Deduction Scheme for charitable donations in Singapore

GST Implications: Goods and Services Tax considerations for donations, including potential exemptions and reporting requirements

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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