Pre-Sale Agreements are essential documents in Singapore's commercial landscape, particularly when parties wish to secure a future transaction before the subject matter is ready for delivery. This document type is commonly used in property development, manufacturing, and technology sectors. The Pre Sale Agreement typically includes detailed specifications, payment schedules, completion timelines, and quality standards, all compliant with Singapore's legal requirements. It serves as a crucial risk management tool, providing certainty to both parties while ensuring their interests are protected under Singapore law. The agreement is particularly relevant in scenarios where significant lead time exists between order and delivery, or where custom specifications are involved.
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1. Parties: Identification and details of buyer and seller with full legal names and addresses
2. Background: Context of the pre-sale arrangement and brief description of the subject matter
3. Definitions: Key terms used throughout the agreement defined for clarity
4. Subject Matter: Detailed description of goods/property being sold, including specifications
5. Purchase Price and Payment Terms: Price, payment schedule, deposit requirements, and payment methods
6. Delivery Terms: Expected completion/delivery date, conditions, and process
7. Representations and Warranties: Statements of fact and promises by both parties
8. Termination: Circumstances under which the agreement can be terminated
9. Governing Law: Specification of Singapore law as governing law
1. Conditions Precedent: Conditions that must be met before the agreement becomes effective - used for complex transactions or when certain approvals are needed
2. Quality Assurance: Specific quality standards and inspection rights - used for manufactured goods or specific product requirements
3. Force Majeure: Provisions for unforeseen circumstances - used when long-term delivery or performance is involved
4. Confidentiality: Terms regarding confidential information - used when sensitive information is shared
5. Assignment: Rights to assign the agreement to other parties - used when transfer rights might be needed
1. Technical Specifications: Detailed technical requirements or specifications of the subject matter
2. Payment Schedule: Detailed breakdown of payment installments and timing
3. Quality Standards: Specific quality requirements and standards to be met
4. Form of Notice: Template for formal notices between parties
5. Required Certifications: List of required certificates or approvals
Relevant legal definitions
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