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Deposit Agreement Of Purchase And Sale
"I need a Deposit Agreement of Purchase and Sale for a manufacturing equipment purchase worth SGD 2.5 million, where we require a 15% deposit to be held by our law firm until completion in March 2025, with specific provisions for technical inspection before release."
1. Parties: Identifies and defines the contracting parties
2. Background: Provides context and purpose of the agreement
3. Definitions: Defines key terms used throughout the agreement
4. Purchase Price and Deposit: Specifies the total purchase price and deposit amount
5. Payment Terms: Details the payment schedule and method
6. Deposit Handling: Specifies how the deposit will be held and managed
7. Conditions Precedent: Lists conditions that must be met before completion
8. Completion: Details the completion process and requirements
9. Default Provisions: Specifies consequences of default by either party
1. Due Diligence: Include when buyer requires inspection or investigation period for complex transactions or high-value purchases
2. Warranties: Specific warranties about the subject of sale, included when additional assurances are required
3. Tax Provisions: Specific tax-related obligations, included when transaction has significant tax implications
4. Force Majeure: Provisions for unforeseen circumstances, included when extended completion timeframe is anticipated
1. Property Description Schedule: Detailed description of property or goods being purchased
2. Payment Schedule: Detailed breakdown of payment terms and dates
3. Due Diligence Checklist: List of required documents and investigations
4. Form of Transfer: Template for transfer documentation
5. Completion Checklist: List of items required for completion
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