The International Contract of Sale is essential for businesses engaged in cross-border trade of goods. This document, governed by Singapore law, provides a comprehensive framework for international commercial transactions, incorporating both Singapore's robust commercial law system and international trade conventions. It addresses crucial aspects such as payment terms, delivery conditions, risk transfer, and quality specifications, while ensuring compliance with Singapore's Sale of Goods Act and the CISG. The contract is particularly valuable for establishing clear rights and obligations between parties from different jurisdictions.
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1. Parties: Identification of buyer and seller with full legal names and addresses
2. Background: Context of the sale and relationship between parties
3. Definitions: Key terms used throughout the contract including relevant Singapore law definitions
4. Description of Goods: Detailed specifications of goods being sold
5. Price and Payment Terms: Purchase price, currency, payment method and schedule
6. Delivery Terms: Delivery schedule, location, and INCOTERMS
7. Transfer of Title and Risk: When and how ownership and risk transfers under Singapore law
8. Warranties: Quality guarantees and condition of goods
9. Governing Law: Singapore law provisions and jurisdiction
1. Insurance: Insurance requirements for goods in transit or storage
2. Inspection Rights: Buyer's rights to inspect goods before acceptance
3. Intellectual Property: IP rights and licenses related to the goods
4. Force Majeure: Circumstances excusing performance of contract obligations
5. Confidentiality: Protection of sensitive information exchanged during the transaction
1. Schedule 1 - Technical Specifications: Detailed technical requirements and specifications of goods
2. Schedule 2 - Delivery Schedule: Detailed timeline for multiple deliveries if applicable
3. Schedule 3 - Price List: Detailed pricing for multiple items or variants
4. Schedule 4 - Quality Standards: Specific quality requirements and applicable standards
5. Schedule 5 - Required Certifications: Copies of necessary certifications and compliance documents
Relevant legal definitions
Clauses
Relevant Industries
Relevant Teams
Relevant Roles
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