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Terms & Conditions For Sales Invoice Template for Singapore

A legally binding document under Singapore law that sets out the terms and conditions governing sales transactions, including payment terms, delivery obligations, GST requirements, and warranty provisions. The document complies with Singapore's Sale of Goods Act and related commercial legislation, providing a framework for both B2B and B2C transactions while incorporating necessary consumer protection measures.

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What is a Terms & Conditions For Sales Invoice?

Terms & Conditions For Sales Invoice is a fundamental commercial document used in Singapore to establish the legal framework for sales transactions. It outlines the rights and obligations of both parties in relation to payment, delivery, warranties, and risk transfer. The document is essential for businesses operating in Singapore as it ensures compliance with local commercial laws, including the Sale of Goods Act and GST requirements. It serves as a protective measure for both sellers and buyers by clearly defining the terms of sale and providing clarity on dispute resolution procedures.

What sections should be included in a Terms & Conditions For Sales Invoice?

1. 1. Payment Terms: Details of payment terms including due dates, accepted payment methods, late payment penalties, and GST requirements

2. 2. Delivery Terms: Specifications for delivery including timing, location, shipping responsibilities and transfer of risk

3. 3. Price and GST: Pricing structure, GST application, and any price adjustment mechanisms

4. 4. Title and Risk: Terms governing when ownership and risk transfers from seller to buyer

5. 5. Warranty: Standard warranty terms, conditions, and limitations for goods sold

What sections are optional to include in a Terms & Conditions For Sales Invoice?

1. International Shipping: Additional terms for cross-border transactions including customs, duties, and international shipping requirements

2. Returns Policy: Terms and conditions for returns, refunds, and exchanges of goods

3. Installation Services: Terms related to installation services including timing, responsibilities, and additional costs

What schedules should be included in a Terms & Conditions For Sales Invoice?

1. Schedule A: Price List: Comprehensive list of prices, quantity discounts, and special pricing terms

2. Schedule B: Product Specifications: Detailed technical specifications and requirements for products

3. Appendix 1: Warranty Terms: Detailed warranty conditions, claim procedures, and exclusions

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents

Jurisdiction

Singapore

Cost

Free to use

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