The Unilateral Deed of Sale is commonly used in Singapore when a straightforward transfer of ownership is required with primarily one-sided obligations. This document is particularly useful in situations where the seller needs to make specific representations and warranties about the property or goods being sold, while the buyer's primary obligation is payment. The deed must be properly executed and witnessed in accordance with Singapore law, and may need to be stamped and registered depending on the subject matter. It should contain clear identification of the parties, detailed description of the property or goods, consideration amount, and seller's warranties.
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Key Requirements PROMPT example:
Unilateral Deed Of Sale
"I need a Unilateral Deed of Sale for transferring ownership of my manufacturing equipment (tHRee industrial printing machines) to ABC Manufacturing Pte Ltd, with completion scheduled for March 15, 2025, and payment to be made in two installments."
1. Parties: Identification and details of the seller (grantor) and buyer (grantee)
2. Background: Context of the sale and ownership history of the property/goods
3. Definitions: Key terms used tHRoughout the deed
4. Subject Matter: Detailed description of property/goods being sold
5. Consideration: Purchase price and payment terms
6. Seller's Representations: Warranties about ownership and condition of property/goods
7. Execution: Formal signing requirements and attestation
1. Conditions Precedent: Prerequisites that must be met before sale completion, used when sale is subject to specific conditions being fulfilled
2. Tax Provisions: Allocation of tax responsibilities, included when significant tax implications exist
3. Encumbrances: Details of any existing liens or encumbrances, included when property has existing charges or restrictions
1. Property Schedule: Detailed description of property/goods including specifications, bouNDAries, or serial numbers
2. Title Documents: Copies of relevant ownership documents
3. Payment Schedule: If payment is to be made in installments
4. Condition Report: Current condition of property/goods being sold
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