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Company Sales Agreement Template for Singapore

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Key Requirements PROMPT example:

Company Sales Agreement

"I need a Company Sales Agreement under Singapore law for my tech company to sell enterprise software licenses to a manufacturing company, with payment in installments over 18 months starting March 2025, including provisions for software updates and technical support."

Document background
The Company Sales Agreement is a fundamental commercial contract used when one company wishes to sell goods or services to another company in Singapore. This document is essential for establishing clear terms of sale, protecting both parties' interests, and ensuring compliance with Singapore's legal framework. It should be used for any significant business-to-business sale transaction and typically includes detailed provisions on price, payment terms, delivery, warranties, and dispute resolution. The agreement must comply with Singapore's Contract Law, Sale of Goods Act, and other relevant commercial regulations.
Suggested Sections

1. Parties: Identification and details of the contracting parties (seller and buyer companies)

2. Background: Context of the agreement and brief description of the transaction

3. Definitions: Key terms used throughout the agreement

4. Sale and Purchase: Core terms of the sale including subject matter and price

5. Payment Terms: Payment schedule, method, and currency

6. Delivery: Terms of delivery, timing, and logistics

7. Warranties and Representations: Standard warranties regarding product quality and company authority

8. Termination: Circumstances and process for terminating the agreement

9. Governing Law: Specification of Singapore law and jurisdiction

Optional Sections

1. Intellectual Property: Provisions for protecting and licensing intellectual property rights involved in the sale

2. Confidentiality: Provisions for protecting confidential information exchanged during the course of the agreement

3. Force Majeure: Provisions dealing with unforeseen circumstances that may affect performance of the agreement

4. Data Protection: Compliance provisions with Singapore Personal Data Protection Act (PDPA)

5. Insurance: Requirements for insurance coverage and liability protection

Suggested Schedules

1. Product Specifications Schedule: Detailed technical specifications and descriptions of the products being sold

2. Pricing Schedule: Detailed breakdown of pricing, including any volume discounts or special pricing arrangements

3. Delivery Schedule: Specific delivery timeframes, locations, and logistics requirements

4. Quality Standards Schedule: Detailed quality requirements, testing procedures, and acceptance criteria

5. Service Level Agreement: Performance metrics, response times, and service standards for ongoing supply arrangements

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions




































Clauses




































Industries

Civil Law Act (Cap. 43): Primary legislation governing contract formation, validity, and enforcement in Singapore

Contract Law (Amendment) Act: Updates and amendments to contract law provisions in Singapore

Sale of Goods Act (Cap. 393): Regulates the sale of goods, including terms, conditions, and rights of buyers and sellers

Supply of Goods Act: Governs the supply of goods and related transactions

Companies Act (Cap. 50): Regulates company operations, corporate governance, and business conduct in Singapore

Business Registration Act (Cap. 32): Governs business registration and related requirements

Competition Act (Cap. 50B): Ensures fair competition and prevents anti-competitive practices in business dealings

Consumer Protection (Fair Trading) Act: Protects consumer interests and ensures fair trading practices

Consumer Protection (Trade Descriptions and Safety Requirements) Act: Regulates product descriptions and safety standards

Electronic Transactions Act: Governs electronic commerce and digital transactions

Goods and Services Tax Act: Regulates GST obligations and requirements in business transactions

Income Tax Act: Governs taxation aspects of business transactions

Personal Data Protection Act 2012: Regulates the collection, use, and disclosure of personal data in business transactions

Arbitration Act: Provides framework for arbitration as a dispute resolution mechanism

Mediation Act: Governs mediation processes and procedures for dispute resolution

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

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