Legal Templates
Pre Sale Purchase Agreement

Pre Sale Purchase Agreement Template for Singapore

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Key Requirements PROMPT example:

Pre Sale Purchase Agreement

"I need a Pre Sale Purchase Agreement under Singapore law for the sale of 500 electric vehicle charging units to be manufactured and delivered by March 2025, with payment in three installments and specific quality testing requirements."

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What is a Pre Sale Purchase Agreement?

The Pre-Sale Purchase Agreement is commonly used in Singapore when parties wish to secure a future transaction before the subject matter is ready for immediate sale. This document is particularly relevant in property development, manufacturing, and technology sectors where advance commitment is necessary. The agreement typically includes detailed specifications, payment schedules, completion timelines, and risk allocation provisions. Under Singapore law, this agreement must comply with specific regulatory requirements, particularly in regulated sectors like real estate, where the Housing Developers Rules may apply.

What sections should be included in a Pre Sale Purchase Agreement?

1. Parties: Identifies and defines all parties to the agreement, including full legal names and addresses

2. Background/Recitals: Sets out the context and purpose of the agreement

3. Definitions: Defines key terms used throughout the agreement

4. Subject Matter of Sale: Detailed description of the goods/property being sold

5. Purchase Price: States the agreed price and payment terms

6. Payment Terms: Details of payment schedule, method, and conditions

7. Delivery Terms: Timing and conditions of delivery

8. Warranties and Representations: Standard warranties about the goods/property

9. Termination: Circumstances under which the agreement can be terminated

10. Governing Law: Specifies Singapore law as governing law

What sections are optional to include in a Pre Sale Purchase Agreement?

1. Conditions Precedent: Conditions that must be fulfilled before completion - used for complex transactions or when certain approvals are needed

2. Due Diligence: Buyer's right to inspect and verify - used for high-value transactions or complex assets

3. Insurance: Insurance requirements during pre-sale period - used when significant risk exists during the pre-sale period

4. Force Majeure: Provisions for unforeseen circumstances - used for longer-term agreements or high-risk transactions

5. Confidentiality: Obligations to keep information confidential - used when sensitive information is involved

What schedules should be included in a Pre Sale Purchase Agreement?

1. Schedule 1 - Property/Goods Description: Detailed technical specifications or property details

2. Schedule 2 - Payment Schedule: Detailed breakdown of payment installments and timing

3. Schedule 3 - Due Diligence Requirements: List of documents and verifications required

4. Schedule 4 - Form of Notice of Completion: Template for completion notice

5. Appendix A - Required Certifications: Copies of necessary certificates or permits

Authors

Alex Denne

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

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alex.den.21@genieai.co
Industries

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

Contracts Act: Fundamental law governing contract formation, validity, and enforcement in Singapore

Consumer Protection (Fair Trading) Act: Legislation protecting consumers against unfair practices and providing remedies for consumer transactions

Housing Developers (Control and Licensing) Act: Regulates housing developers and property pre-sales if the agreement involves real estate

Housing Developers Rules: Detailed regulations for property development and sales, including mandatory contract terms for property pre-sales

Building Construction Authority Regulations: Technical and safety standards for construction and development projects

Urban Redevelopment Authority Guidelines: Planning and development guidelines affecting property transactions and usage

Unfair Contract Terms Act: Controls the use of unfair terms in contracts and protects against unreasonable contract conditions

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

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

Payment Systems (Oversight) Act: Regulates payment systems and financial transactions in Singapore

Banking Act: Regulates banking operations and financial transactions, relevant for payment terms

Arbitration Act: Framework for arbitration as a dispute resolution mechanism in Singapore

Mediation Act: Provides legal framework for mediation proceedings and enforceability of mediated settlements

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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