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Sale With Buyback Agreement
"I need a Sale With Buyback Agreement for industrial machinery worth SGD 2.5 million, with a mandatory buyback on March 15, 2025, and specific provisions for maintenance during the interim period."
1. Parties: Identification and details of the seller and buyer, including registration numbers and addresses
2. Background: Context of the agreement, relationship between parties, and purpose of the sale and buyback arrangement
3. Definitions: Key terms used throughout the agreement including Asset, Buyback Date, Purchase Price, and Buyback Price
4. Sale Terms: Details of the initial sale including price, payment terms, delivery, and transfer of title
5. Buyback Terms: Conditions and terms for the buyback, including timing, price, and mechanism for execution
6. Representations and Warranties: Statements of fact and assurances by both parties regarding authority, ownership, and condition of assets
7. Covenants: Ongoing obligations of parties during the period between sale and buyback
8. Default and Remedies: Consequences of breach and available remedies to the non-defaulting party
9. Governing Law and Jurisdiction: Specification of Singapore law as governing law and jurisdiction for dispute resolution
1. Security Arrangements: Details of any security provided to ensure performance of buyback obligations
2. Insurance: Requirements for insurance coverage of assets during the period between sale and buyback
3. Force Majeure: Provisions for handling unforeseen circumstances that may affect performance
4. Assignment: Rights and restrictions regarding transfer of rights and obligations under the agreement
5. Confidentiality: Provisions for protecting confidential information exchanged during the transaction
1. Schedule 1 - Asset Description: Detailed description and specifications of assets being sold and bought back
2. Schedule 2 - Pricing Schedule: Detailed breakdown of initial sale price and buyback price, including any adjustments
3. Schedule 3 - Condition Report: Detailed report on the condition of assets at time of initial sale
4. Schedule 4 - Required Documents: List of documents required for transfer of ownership and completion
5. Schedule 5 - Form of Notice: Template for notices required under the agreement, including buyback notice
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