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Resale Agreement Draft Template for Singapore

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Key Requirements PROMPT example:

Resale Agreement Draft

"Need a Resale Agreement Draft for my Singapore-based electronics manufacturing company to appoint exclusive distributors in Malaysia and Indonesia, with minimum purchase requirements of 1000 units per quarter starting March 2025."

Document background
The Resale Agreement Draft is a crucial document used in Singapore's commercial landscape when establishing a business relationship between suppliers and resellers. This agreement type is particularly important in situations where products are being distributed through multiple channels or when establishing authorized dealership arrangements. The document covers essential elements such as pricing structures, territorial rights, minimum purchase commitments, quality standards, and warranty terms, all while adhering to Singapore's commercial law framework. It's designed to protect both parties' interests while ensuring compliance with local regulations and industry standards.
Suggested Sections

1. Parties: Identification and details of the parties entering into the agreement

2. Background: Context and purpose of the agreement

3. Definitions: Key terms used throughout the agreement

4. Subject Matter: Description of goods being resold

5. Price and Payment Terms: Purchase price, payment schedule, and method

6. Delivery Terms: Timing, location, and method of delivery

7. Warranties: Guarantees regarding the goods

8. Term and Termination: Duration and conditions for ending the agreement

Optional Sections

1. International Shipping Terms: Include when goods are shipped internationally, covering Incoterms and cross-border requirements

2. Intellectual Property Rights: Protection of trademarks, patents, or other IP when branded or patented goods are involved

3. Territory Restrictions: Geographical limitations on resale when territorial restrictions apply

4. Minimum Purchase Requirements: Specified minimum order quantities when volume commitments are required

Suggested Schedules

1. Schedule 1: Product Specifications: Detailed technical specifications of goods

2. Schedule 2: Pricing Schedule: Detailed pricing structure and volume discounts

3. Schedule 3: Delivery Schedule: Detailed delivery timelines and locations

4. Appendix A: Quality Standards: Applicable quality standards and certification requirements

5. Appendix B: Return Policy: Procedures for handling returns and defective goods

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions






























Clauses



































Industries

Sale of Goods Act (SOGA): Primary legislation governing the sale of goods in Singapore, defining rights and obligations of buyers and sellers

Contract Law: Common Law principles governing contract formation, terms, performance, and remedies in Singapore

Unfair Contract Terms Act (UCTA): Legislation restricting the extent to which civil liability for breach of contract can be avoided through contract terms

Consumer Protection (Fair Trading) Act (CPFTA): Protects consumers against unfair practices and provides additional rights in consumer transactions

United Nations Convention on Contracts for the International Sale of Goods (CISG): International treaty governing cross-border sale of goods, applicable if international trade is involved

International Commercial Terms (Incoterms): Internationally recognized terms defining responsibilities of buyers and sellers in international trade

Competition Act: Legislation promoting competition in markets and prohibiting anti-competitive practices

Consumer Protection (Trade Descriptions and Safety Requirements) Act: Ensures accurate product descriptions and maintains safety standards for goods

Personal Data Protection Act (PDPA): Governs collection, use, and disclosure of personal data in commercial transactions

Electronic Transactions Act: Provides legal framework for electronic transactions and digital signatures

Goods and Services Tax Act: Regulates taxation aspects of goods and services transactions in Singapore

Supply of Goods Act: Supplements SOGA with additional provisions regarding supply of goods

Regulation of Imports and Exports Act: Controls and regulates the import and export of goods in Singapore

Customs Act: Governs customs procedures and duties for imported and exported goods

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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