The Contract of Deed of Sale is a crucial document in Singapore's legal framework for property and asset transfers. It is used when there is a need to formally document the sale and transfer of ownership of significant assets, whether movable or immovable property. The document must comply with Singapore's strict legal requirements, including those under the Civil Law Act, Sale of Goods Act, and where applicable, the Conveyancing and Law of Property Act. The Contract of Deed of Sale typically includes comprehensive details about the asset being transferred, purchase price, payment terms, warranties, and completion obligations. It serves as both a contract and evidence of the transfer, making it essential for legal certainty and future reference.
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1. Parties: Identification and details of seller and purchaser
2. Background: Context of the sale and brief description of the property/goods
3. Definitions: Key terms used throughout the deed
4. Subject Matter of Sale: Detailed description of property/goods being sold
5. Purchase Price: Amount and payment terms
6. Conditions of Sale: Key terms and conditions of the sale
7. Representations and Warranties: Seller's assurances about the property/goods
8. Completion: Transfer and closing procedures
9. Execution: Signing requirements and witnessing
1. Encumbrances: Details of any existing liens or encumbrances - include when property has existing mortgages or charges
2. Tax Provisions: Special tax considerations - include when there are specific tax implications
3. Due Diligence: Buyer's investigation rights - include for complex transactions requiring verification
4. Post-Completion Obligations: Ongoing responsibilities after sale - include when there are continuing obligations
1. Property Description Schedule: Detailed technical description of property/goods
2. Payment Schedule: Detailed payment terms and installments if applicable
3. Title Documents: Copies of relevant ownership documents
4. Property Plans/Photos: Visual documentation of property/goods
5. Inventory List: For sales including multiple items or fixtures
Relevant legal definitions
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