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Terms Of Sale Agreement

Terms Of Sale Agreement Template for Singapore

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Key Requirements PROMPT example:

Terms Of Sale Agreement

"I need a Terms of Sale Agreement for my Singapore-based e-commerce business selling electronics to retail customers across Southeast Asia, with specific provisions for international shipping and consumer protection laws."

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What is a Terms Of Sale Agreement?

Terms of Sale Agreements are fundamental commercial documents used in Singapore to establish clear parameters for the sale of goods between parties. These agreements are particularly important in Singapore's dynamic business environment, where they must comply with local commercial law while facilitating efficient trade. The Terms of Sale Agreement provides comprehensive coverage of all aspects of the sale, including product specifications, pricing, delivery terms, warranties, and risk transfer. It's essential for both domestic and international trade, offering protection to both sellers and buyers while ensuring compliance with Singapore's legal framework, including the Sale of Goods Act and Consumer Protection regulations.

What sections should be included in a Terms Of Sale Agreement?

1. Parties: Identification and details of the seller and buyer

2. Background: Context and purpose of the agreement

3. Definitions: Key terms used throughout the agreement

4. Product Description: Detailed specification of goods being sold

5. Price and Payment Terms: Purchase price, payment schedule, and payment methods

6. Delivery Terms: Delivery timeline, method, and associated costs

7. Title and Risk: Transfer of ownership and risk in goods

8. Warranties: Product quality guarantees and warranties

9. Termination: Conditions for contract termination

10. Governing Law: Specification of Singapore law as governing law

What sections are optional to include in a Terms Of Sale Agreement?

1. Return Policy: Terms for product returns and refunds - recommended for retail sales or when dealing with consumers

2. Intellectual Property: Rights related to product IP - required when products involve patents, trademarks, or copyrights

3. Export Controls: Compliance with export regulations - necessary for international sales

4. Force Majeure: Provisions for unforeseen circumstances - recommended for long-term or high-value contracts

What schedules should be included in a Terms Of Sale Agreement?

1. Product Specifications Schedule: Detailed technical specifications of products

2. Price List Schedule: Comprehensive pricing information including any volume discounts

3. Warranty Terms Schedule: Detailed warranty conditions and procedures

4. Delivery Schedule: Detailed delivery timelines and locations

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 | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions






























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Industries

Sale of Goods Act (SOGA): Primary legislation governing contracts for the sale of goods, defining rights and obligations of buyers and sellers, implied terms about quality and fitness for purpose, and transfer of title and risk

Consumer Protection (Fair Trading) Act (CPFTA): Legislation protecting consumers against unfair practices, regulating unfair contract terms, and ensuring transparency in transactions

Electronic Transactions Act: Governs online sales and electronic contracts, covering digital signatures and ensuring validity of electronic transactions

Personal Data Protection Act (PDPA): Regulates the handling of customer data, including consent requirements and data storage/protection obligations

Contract Law (Common Law): Fundamental principles governing contract formation, consideration, terms and conditions, breach and remedies under Singapore's common law system

Unfair Contract Terms Act (UCTA): Regulates exclusion clauses and ensures fairness in contractual terms, protecting against unreasonable terms in contracts

Supply of Goods Act: Establishes standards for quality, fitness for purpose, and merchantable quality of goods

GST Act: Governs the application and administration of Goods and Services Tax in Singapore sales transactions

Industry-specific regulations: Particular regulations that may apply depending on the specific industry or type of goods being sold

International trade laws: Relevant for cross-border sales, including import/export regulations and international commercial terms

Competition Law: Ensures fair competition and regulates anti-competitive practices in sales agreements

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, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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