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Conditional Agreement
"I need a Conditional Agreement for a property purchase in Singapore, where the sale is contingent on obtaining bank financing by March 2025 and successful completion of building inspections, with the agreement to automatically terminate if conditions aren't met by May 2025."
1. Parties: Identification and details of all contracting parties
2. Background/Recitals: Context and purpose of the conditional agreement
3. Definitions: Key terms used throughout the agreement
4. Conditions: Detailed description of all conditions precedent and/or subsequent
5. Timeline: Timeframes for fulfillment of conditions
6. Rights and Obligations: Parties' rights and obligations during the conditional period
7. Consequences of Non-fulfillment: What happens if conditions are not met
8. Governing Law: Specification of Singapore law as governing law
1. Extension Provisions: Mechanisms for extending condition fulfillment deadlines - used when flexibility might be needed for condition fulfillment
2. Waiver Provisions: Ability to waive certain conditions - used when parties want flexibility to proceed without all conditions being met
3. Security Provisions: Any security arrangements during conditional period - used when assets or interests need protection during conditional period
4. Confidentiality: Confidentiality obligations - used when sensitive information is involved
1. Condition Details Schedule: Detailed description of specific conditions and their requirements
2. Timeline Schedule: Detailed timeline for condition fulfillment
3. Required Documents Schedule: List of documents required for condition fulfillment
4. Form of Notices: Standard forms for condition fulfillment notices
5. Supporting Documentation: Any relevant supporting documents referenced in conditions
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