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Partial Payment Agreement For Lot
"I need a Partial Payment Agreement For Lot to purchase an industrial property lot in Singapore valued at $2.5M, with monthly installments over 24 months starting March 2025, and I want to include specific default provisions and interest rates for late payments."
1. Parties: Identification and details of all parties involved in the agreement
2. Background: Context and circumstances leading to the agreement
3. Definitions: Key terms used throughout the agreement
4. Description of Lot: Detailed description of the lot including location, size, and specifications
5. Purchase Price: Total purchase price and payment structure
6. Payment Terms: Schedule of payments, installment amounts, and due dates
7. Default Provisions: Consequences of payment default and remedies
8. Governing Law: Specification of Singapore law as governing law
1. Interest Charges: Terms for interest on late payments - use when installment payments may be delayed
2. Security Provisions: Details of any security provided for the payment - use when collateral is provided
3. Transfer of Title: Conditions for transfer of ownership - use when lot involves property or goods
4. Insurance Requirements: Insurance obligations during payment period - use when lot involves valuable property
1. Payment Schedule: Detailed breakdown of payment installments and dates
2. Property Details: Detailed specifications of the lot
3. Title Documents: Copies of relevant title documents
4. Condition Report: Current condition of lot if applicable
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