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Forward Sale Contract
"I need a Forward Sale Contract for the purchase of 10,000 metric tons of copper concentrate from a Singapore-based mining company, with delivery scheduled for March 2025 and payment to be made in three installments."
1. Parties: Identification and details of all contracting parties
2. Background/Recitals: Context and purpose of the forward sale agreement
3. Definitions: Key terms used throughout the agreement
4. Subject Matter: Detailed description of goods/assets being sold forward
5. Price and Payment Terms: Forward price, payment schedule, and payment mechanics
6. Delivery Terms: Timing, location, and method of delivery
7. Risk Transfer: When and how risk passes between parties
8. Representations and Warranties: Standard assurances from both parties
9. Events of Default: Circumstances constituting breach
10. Governing Law: Singapore law provisions and jurisdiction
1. Force Majeure: Used when parties want specific provisions for unforeseen events - recommended for international trades or high-value contracts
2. Insurance: Insurance requirements for goods - recommended for high-value or perishable goods
3. Quality Specifications: Detailed quality requirements - recommended for complex products or commodities
4. Regulatory Compliance: Specific regulatory requirements - recommended for regulated industries or cross-border trades
1. Product Specifications Schedule: Detailed technical specifications of goods
2. Pricing Schedule: Detailed pricing mechanisms and calculations
3. Delivery Schedule: Detailed delivery timeline and locations
4. Quality Standards Schedule: Applicable quality standards and testing procedures
5. Required Certifications Schedule: List of required certificates or permits
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