The Conditional Deed of Sale is a crucial legal instrument in Singapore used when parties wish to enter into a sale agreement that depends on certain conditions being fulfilled before the sale becomes final. This document type is particularly relevant when the completion of sale is contingent on factors such as obtaining regulatory approvals, securing financing, or completing due diligence. The deed must comply with Singapore's legal requirements, including the Civil Law Act and Property Law Act, and typically includes detailed provisions on the conditions precedent, completion mechanisms, and consequences of non-fulfillment of conditions.
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Key Requirements PROMPT example:
Conditional Deed Of Sale
"I need a Conditional Deed of Sale for the purchase of a manufacturing facility in Singapore, where completion is subject to obtaining environmental permits and regulatory approvals by March 2025, with a purchase price of SGD 15 million payable in installments."
1. Parties: Identification and details of the seller and purchaser
2. Background: Context and purpose of the conditional sale
3. Definitions: Key terms used throughout the deed
4. Subject Matter: Detailed description of property/goods being sold
5. Purchase Price: Amount and payment terms
6. Conditions Precedent: Conditions that must be fulfilled before sale completion
7. Completion: Process and requirements for completing the sale
8. Representations and Warranties: Statements of fact and promises by parties
1. Due Diligence: Used when buyer requires investigation period - typically for complex transactions or high-value assets
2. Financing Conditions: Terms related to obtaining financing - used when purchase is dependent on securing financing
3. Property Inspection: Terms for property inspection rights - specifically for real estate transactions
1. Property Description Schedule: Detailed description of property/goods including specifications
2. Payment Schedule: Breakdown of payment terms and installments
3. Conditions Schedule: Detailed list of conditions precedent and subsequent
4. Title Documents: Copies of relevant title documents
5. Due Diligence Documents: List of documents provided for due diligence
Authors
Relevant legal definitions
Agreement
Business Day
Completion
Completion Date
Conditions Precedent
Conditions Subsequent
Consideration
Deposit
Effective Date
Encumbrances
Force Majeure
Governing Law
Long Stop Date
Material Adverse Change
Party/Parties
Property
Purchase Price
Purchaser
Regulatory Approvals
Related Agreements
Relevant Authority
Seller
Singapore Dollars
Stamp Duty
Subject Matter
Tax
Title Documents
Transaction
Transfer Documents
Warranties
Business Day
Completion
Completion Date
Conditions Precedent
Conditions Subsequent
Consideration
Deposit
Effective Date
Encumbrances
Force Majeure
Governing Law
Long Stop Date
Material Adverse Change
Party/Parties
Property
Purchase Price
Purchaser
Regulatory Approvals
Related Agreements
Relevant Authority
Seller
Singapore Dollars
Stamp Duty
Subject Matter
Tax
Title Documents
Transaction
Transfer Documents
Warranties
Clauses
Parties and Recitals
Definitions and Interpretation
Sale and Purchase
Purchase Price
Payment Terms
Conditions Precedent
Conditions Subsequent
Completion
Title and Risk
Warranties and Representations
Due Diligence
Property Inspection
Transfer of Ownership
Encumbrances
Regulatory Compliance
Tax Matters
Indemnification
Force Majeure
Default and Termination
Remedies
Notices
Assignment
Confidentiality
Governing Law
Dispute Resolution
Costs and Expenses
Entire Agreement
Severability
Amendments
Counterparts
Definitions and Interpretation
Sale and Purchase
Purchase Price
Payment Terms
Conditions Precedent
Conditions Subsequent
Completion
Title and Risk
Warranties and Representations
Due Diligence
Property Inspection
Transfer of Ownership
Encumbrances
Regulatory Compliance
Tax Matters
Indemnification
Force Majeure
Default and Termination
Remedies
Notices
Assignment
Confidentiality
Governing Law
Dispute Resolution
Costs and Expenses
Entire Agreement
Severability
Amendments
Counterparts
Relevant Industries
Relevant Teams
Relevant Roles
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