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Memorandum Of Agreement Between Supplier And Buyer Template for Singapore

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Key Requirements PROMPT example:

Memorandum Of Agreement Between Supplier And Buyer

"I need a Memorandum Of Agreement Between Supplier And Buyer for a Singapore-based technology hardware supply arrangement, with specific focus on quality control measures and monthly delivery schedules starting from March 2025."

Document background
The Memorandum of Agreement Between Supplier and Buyer is a fundamental commercial document used in Singapore to formalize supply relationships. It's particularly relevant when establishing ongoing supply arrangements that require detailed terms beyond simple purchase orders. The document incorporates Singapore's robust commercial law framework, including the Sale of Goods Act and Contract Law provisions, while providing flexibility to accommodate industry-specific requirements. It's commonly used for both domestic and international trade relationships where Singapore law governs the transaction.
Suggested Sections

1. Parties: Identification and details of the Supplier and Buyer

2. Background: Context and purpose of the agreement

3. Definitions: Key terms used throughout the agreement

4. Supply Terms: Core obligations regarding supply of goods/services

5. Price and Payment: Payment terms, pricing structure, and payment methods

6. Delivery: Delivery terms, timelines, and logistics

7. Term and Termination: Duration of agreement and termination provisions

Optional Sections

1. Quality Assurance: Quality standards and inspection rights - use when goods require specific quality standards

2. Intellectual Property: IP rights and protections - use when branded or proprietary products are involved

3. Force Majeure: Provisions for unforeseen circumstances - recommended for long-term supply arrangements

4. Confidentiality: Protection of confidential information - use when sensitive information is shared between parties

Suggested Schedules

1. Product Specifications: Detailed specifications of goods to be supplied

2. Pricing Schedule: Detailed pricing structure and terms

3. Delivery Schedule: Detailed delivery timelines and locations

4. Quality Standards: Specific quality requirements and standards to be maintained

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions


























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Industries

Singapore Contract Act: Primary legislation governing contract formation, validity, and enforcement in Singapore, providing the fundamental legal framework for all contractual agreements

Sale of Goods Act (Chapter 393): Regulates the sale of goods between parties, defining rights, duties and remedies in commercial transactions

Supply of Goods Act: Governs the supply of goods and related services, ensuring quality, fitness for purpose and other contractual obligations

Unfair Contract Terms Act (Chapter 396): Restricts the extent to which civil liability for breach of contract can be avoided by contract terms, protecting against unreasonable terms

Consumer Protection (Fair Trading) Act: Protects consumers against unfair practices and provides additional rights in consumer transactions

Consumer Protection (Trade Descriptions and Safety Requirements) Act: Ensures accurate product descriptions and maintains safety standards for goods

Electronic Transactions Act: Provides legal framework for electronic commerce and digital signatures in contractual agreements

UN Convention on International Sale of Goods (CISG): International treaty governing cross-border sale of goods, applicable if dealing with international trade

Personal Data Protection Act 2012: Governs the collection, use, and disclosure of personal data in commercial transactions

Mediation Act: Provides framework for mediation as a dispute resolution mechanism in commercial agreements

Arbitration Act: Governs domestic arbitration proceedings as a means of dispute resolution

Singapore International Arbitration Act: Regulates international arbitration proceedings and enforcement of foreign arbitral awards

Goods and Services Tax Act: Governs the application and collection of GST in commercial transactions

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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