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Conditional Sales Contract
"Need a Conditional Sales Contract for selling industrial machinery worth SGD 500,000 to a manufacturing company, with title retention until full payment is received in quarterly installments over 24 months starting March 2025."
1. Parties: Identification of seller and buyer with full legal names and addresses
2. Background: Context of the transaction and purpose of the agreement
3. Definitions: Key terms used throughout the agreement
4. Description of Goods: Detailed specification of goods being sold
5. Purchase Price and Payment Terms: Price, payment schedule, and conditions for transfer of title
6. Conditions Precedent: Conditions that must be met before title passes
7. Default and Remedies: Consequences of default and available remedies
8. Governing Law: Specification of Singapore law as governing law
1. Insurance: Requirements for insurance of goods when goods are of high value or risk
2. Security Interest: Details of any security interest retained by seller when additional security is required
3. Maintenance and Use: Requirements for maintaining goods, applicable for complex or valuable equipment
4. Assignment: Rights to assign the contract when assignment rights are important
1. Schedule 1 - Detailed Product Specification: Technical specifications and details of goods
2. Schedule 2 - Payment Schedule: Detailed payment terms and installment schedule
3. Schedule 3 - Condition Report: Initial condition of goods if relevant
4. Schedule 4 - Warranties: Detailed warranty terms and conditions
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