The Installment Sale Agreement is essential for transactions where goods are sold with payment spread over time. This document, governed by Singapore law, is commonly used in both business-to-business and business-to-consumer contexts. It addresses key aspects including payment terms, title transfer, warranties, and default provisions, while ensuring compliance with Singapore's Sale of Goods Act and consumer protection legislation. The agreement provides security for sellers while offering purchasers the flexibility of installment payments.
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1. Parties: Identification and details of the seller and purchaser
2. Background: Context of the sale and brief description of the transaction
3. Definitions: Key terms used throughout the agreement
4. Sale and Purchase: Core terms of the sale including description of goods and price
5. Payment Terms: Installment schedule, amounts, and payment methods
6. Delivery and Title: Terms regarding delivery of goods and transfer of ownership
7. Warranties: Seller's warranties regarding the goods
8. Default and Remedies: Consequences of default and available remedies
9. Governing Law: Specification of Singapore law as governing law
1. Security Interest: Terms regarding security over goods until full payment
2. Insurance: Requirements for insurance of goods
3. Maintenance and Use: Terms regarding maintenance and permitted use of goods
4. Early Payment: Terms for early payment options and any discounts
1. Schedule 1 - Description of Goods: Detailed specification of goods being sold
2. Schedule 2 - Payment Schedule: Detailed installment payment dates and amounts
3. Schedule 3 - Delivery Schedule: Delivery timeline and specifications if phased delivery
4. Appendix A - Warranty Terms: Detailed warranty terms and conditions
5. Appendix B - Maintenance Requirements: Detailed maintenance specifications if applicable
Relevant legal definitions
Agreement
Business Day
Completion
Completion Date
Confidential Information
Default Interest Rate
Default Notice
Delivery Date
Deposit
Effective Date
Event of Default
Goods
Installment Payment
Installment Period
Interest Rate
Late Payment Fee
Outstanding Balance
Payment Date
Payment Schedule
Purchase Price
Purchaser
Security Interest
Seller
Specification
Term
Title
Warranties
Warranty Period
Business Day
Completion
Completion Date
Confidential Information
Default Interest Rate
Default Notice
Delivery Date
Deposit
Effective Date
Event of Default
Goods
Installment Payment
Installment Period
Interest Rate
Late Payment Fee
Outstanding Balance
Payment Date
Payment Schedule
Purchase Price
Purchaser
Security Interest
Seller
Specification
Term
Title
Warranties
Warranty Period
Clauses
Sale and Purchase
Payment Terms
Delivery
Title and Risk
Security Interest
Warranties
Representations
Inspection and Acceptance
Default
Remedies
Insurance
Maintenance
Force Majeure
Assignment
Notices
Confidentiality
Termination
Amendments
Waiver
Severability
Entire Agreement
Governing Law
Dispute Resolution
Third Party Rights
Costs and Expenses
Further Assurance
Counterparts
Payment Terms
Delivery
Title and Risk
Security Interest
Warranties
Representations
Inspection and Acceptance
Default
Remedies
Insurance
Maintenance
Force Majeure
Assignment
Notices
Confidentiality
Termination
Amendments
Waiver
Severability
Entire Agreement
Governing Law
Dispute Resolution
Third Party Rights
Costs and Expenses
Further Assurance
Counterparts
Relevant Industries
Relevant Teams
Relevant Roles
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