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Format For Cancellation Of Sale Agreement
"I need a Format For Cancellation Of Sale Agreement to terminate a commercial property sale in Singapore, with specific provisions for the return of the initial deposit by March 2025 and mutual release of obligations between my company as the seller and a foreign investment firm as the buyer."
1. Parties: Identification of parties involved in the original sale and cancellation
2. Background: Details of the original sale agreement and reasons for cancellation
3. Definitions: Key terms used in the agreement
4. Cancellation Terms: Specific conditions and effective date of cancellation
5. Financial Settlement: Details of refunds, payments, or adjustments
6. Mutual Release: Release of obligations and liabilities between parties
7. Governing Law: Specification of Singapore law as governing law
1. Return of Goods: Procedures for returning goods when physical goods are involved in the sale
2. Confidentiality: Terms regarding confidential information when sensitive business information was shared
3. Third Party Rights: Impact on third party rights when third parties have interests in the original agreement
4. Insurance: Insurance-related provisions when insured goods or property are involved
1. Original Sale Agreement: Copy of the original sale agreement being cancelled
2. Financial Statement: Detailed breakdown of payments, refunds, and adjustments
3. Property/Goods Details: Description of property or goods involved in the sale
4. Return Protocol: Specific procedures for returning goods or vacating property
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