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Non Binding Purchase Agreement
"I need a Non Binding Purchase Agreement under Singapore law for potential acquisition of manufacturing equipment worth approximately SGD 2.5 million, with a due diligence period extending until March 2025."
1. Parties: Identification and details of all parties involved in the agreement
2. Background: Context and purpose of the agreement
3. Definitions: Key terms used throughout the agreement
4. Non-Binding Nature: Clear statement that the agreement is not legally binding
5. Subject Matter: Description of goods/services to be purchased
6. Pricing and Payment Terms: Proposed pricing structure and payment arrangements
1. Confidentiality: Terms regarding confidential information - include when sensitive information is shared
2. Due Diligence: Process for evaluating the purchase - include for complex or high-value transactions
3. Timeline: Proposed schedule for the transaction - include when timing is important
4. Exclusivity: Terms of exclusive negotiations - include when parties want exclusive negotiating rights
1. Product Specifications: Detailed description of goods/services to be purchased
2. Pricing Schedule: Detailed breakdown of prices and payment terms
3. Timeline Schedule: Detailed timeline of proposed transaction steps
4. Due Diligence Requirements: List of required documentation and information
Authors
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