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Waiver Agreement Of Purchase And Sale
"I need a Waiver Agreement of Purchase and Sale to release the buyer from their obligation to purchase our manufacturing equipment, as they've encountered unexpected financial difficulties; the original agreement was signed for SGD 2.5 million and was due to complete in March 2025."
1. Parties: Identifies all parties to the agreement and their details
2. Background: Context of the original purchase and sale agreement and reason for waiver
3. Definitions: Key terms used throughout the agreement
4. Waiver Provisions: Specific rights, obligations, or conditions being waived
5. Consideration: Details of any consideration for the waiver
6. Governing Law: Specifies Singapore law as governing law
7. Execution: Signature blocks and execution requirements
1. Partial Waiver Provisions: Used when only specific parts of the original agreement are being waived
2. Conditions Precedent: Conditions that must be met before waiver becomes effective
3. Representations and Warranties: Statements of fact by parties regarding their authority to waive
1. Original Agreement: Copy of the original purchase and sale agreement being waived
2. Specific Rights Schedule: Detailed list of specific rights being waived
3. Authorization Documents: Corporate or other authorizations proving authority to waive
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