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Pre Sale Agreement Template for Singapore

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Key Requirements PROMPT example:

Pre Sale Agreement

"I need a Pre Sale Agreement for a bulk order of custom manufacturing equipment from a Singapore supplier, with delivery scheduled for March 2025 and payment in three installments, including detailed specifications for quality testing."

Document background
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.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Authors

Alex Denne

Head of Growth (Open Source Law) @ ºÚÁÏÊÓÆµ | 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: Primary legislation governing the sale of goods in Singapore, defining rights, duties and remedies in sales contracts

Application of English Law Act: Legislation that codifies contract law principles in Singapore, incorporating relevant English common law principles

Unfair Contract Terms Act: Regulates unfair terms in contracts and limits the extent to which civil liability can be excluded or restricted

Consumer Protection (Fair Trading) Act: Protects consumer interests and provides remedies against unfair practices in consumer transactions

Housing Developers (Control and Licensing) Act: Regulates residential property developers and provides protection for homebuyers in pre-sale arrangements

Housing Developers Rules: Detailed regulations governing housing development projects and sales procedures

Sale of Commercial Properties Act: Governs the sale and purchase of commercial properties in Singapore

Building Control Act: Regulates building works and ensures compliance with safety and construction standards

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

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

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

Misrepresentation Act: Provides remedies for false statements made during contract formation

URA Guidelines: Urban Redevelopment Authority guidelines affecting property transactions and development

Singapore Case Law Precedents: Relevant judicial decisions that interpret and apply contract law in pre-sale agreement contexts

Common Law Principles: Fundamental principles governing contract formation, including offer, acceptance, and consideration

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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