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Reservation Fee Agreement
"Need a Reservation Fee Agreement for a new luxury condominium development in Singapore, with a 14-day reservation period and a refundable fee of SGD 50,000, to be launched in March 2025."
1. Parties: Identification and details of all parties involved in the agreement
2. Background: Context and purpose of the reservation fee agreement
3. Definitions: Key terms used throughout the agreement
4. Reservation Fee Amount: Specified amount and payment terms of the reservation fee
5. Purpose of Reservation: Clear description of what is being reserved and for how long
6. Duration of Reservation: Time period for which the reservation is valid
7. Refund Conditions: Circumstances under which the fee will be refunded
8. Forfeiture Conditions: Circumstances under which the fee may be forfeited
9. Governing Law: Specification of Singapore law as governing law
1. Assignment: Rights to assign the reservation to another party - include when transfer rights are relevant
2. Force Majeure: Provisions for unforeseen circumstances - include for longer reservation periods
3. Confidentiality: Provisions regarding confidential information - include when sensitive information is involved
4. Dispute Resolution: Specific dispute resolution procedures - include for high-value reservations
1. Payment Schedule: Detailed breakdown of payment terms and deadlines
2. Property Details: Specific details of property being reserved (if applicable)
3. Reservation Terms: Detailed terms and conditions of the reservation
4. Required Documentation: List of documents required to complete the transaction
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