Ƶ

Conditional Sale Agreement for Singapore

Conditional Sale Agreement Template for Singapore

A Conditional Sale Agreement under Singapore law is a legally binding contract where the buyer takes possession of goods but the seller retains title until specific conditions are met, typically full payment. The agreement is governed by Singapore's Sale of Goods Act and Contract Law, providing a secure framework for both parties while ensuring compliance with local commercial regulations and consumer protection requirements.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Conditional Sale Agreement

Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.

What is a Conditional Sale Agreement?

A Conditional Sale Agreement is commonly used in Singapore for high-value transactions where the seller wishes to maintain security over goods while allowing the buyer immediate possession. The agreement details payment terms, conditions for title transfer, and remedies in case of default, all within Singapore's legal framework. This document type is particularly valuable for businesses seeking to balance commercial flexibility with security, incorporating protections under Singapore's Sale of Goods Act and related commercial legislation. The agreement typically includes specific provisions for default, maintenance obligations, and insurance requirements.

What sections should be included in a Conditional Sale Agreement?

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

2. Background: Context of the transaction and relationship between parties

3. Definitions: Key terms used throughout the agreement

4. Sale and Purchase: Core terms of the conditional sale including price and goods description

5. Payment Terms: Structure and timing of payments, including conditions

6. Title and Risk: When title passes and risk allocation

7. Default and Remedies: Consequences of default and available remedies

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

What sections are optional to include in a Conditional Sale Agreement?

1. Insurance: Required when goods need specific insurance coverage during the conditional sale period

2. Security Interest: Provisions for registration of security interest in goods when additional security is required

3. Maintenance and Use: Conditions for maintenance and permitted use of goods, typically for complex or high-maintenance items

What schedules should be included in a Conditional Sale Agreement?

1. Schedule 1 - Description of Goods: Detailed specification of goods being sold

2. Schedule 2 - Payment Schedule: Detailed payment terms and installment schedule

3. Schedule 3 - Condition Report: Initial condition of goods and any existing defects or marks

4. Appendix A - Warranty Terms: Detailed warranty provisions and conditions

Authors

Alex Denne

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

Jurisdiction

Singapore

Publisher

Ƶ

Document Type

Agreement Contract

Cost

Free to use
Relevant legal definitions





























Clauses

























Industries

Sale of Goods Act (SOGA): Primary legislation governing sale of goods contracts in Singapore, defining rights and obligations of buyers and sellers, including conditions and warranties in sales contracts

Hire Purchase Act: Reference legislation for conditional sale structures, particularly relevant for payment terms and default provisions, though not directly applicable

Contracts Act (Cap. 32): Fundamental legislation governing contract formation, including requirements for valid contracts (offer, acceptance, consideration, intention) and general contract principles

Consumer Protection (Fair Trading) Act: Legislation protecting consumer rights and regulating unfair practices in consumer transactions, applicable if the agreement involves consumer sales

Registration of Goods Act: Legislation governing registration requirements for certain categories of goods in Singapore

Personal Data Protection Act (PDPA): Legislation regulating the collection, use, and disclosure of personal data in Singapore, relevant for data handling provisions in the agreement

Unfair Contract Terms Act: Legislation controlling the use of exclusion clauses and requiring reasonableness in contract terms

Electronic Transactions Act: Legislation governing electronic transactions and digital signatures, relevant if the agreement will be executed electronically

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

Find the exact document you need

Web Design Contract

A Singapore-law governed agreement defining terms and conditions for website design services, including scope, deliverables, and rights.

find out more

Written Agreement

A legally binding Written Agreement under Singapore law establishing contractual obligations between parties.

find out more

Terms Of Employment Contract

A legally binding employment agreement under Singapore law that sets out the terms and conditions of employment between employer and employee.

find out more

Terms And Conditions For Rental Agreement

A legally binding rental agreement template compliant with Singapore property laws, establishing terms between landlord and tenant.

find out more

Simple Contract

A basic legal agreement under Singapore law for straightforward business transactions.

find out more

Simple Agreement

A basic legal agreement governed by Singapore law, designed for straightforward commercial arrangements.

find out more

Side Agreement

A Singapore law-governed supplementary agreement that modifies or clarifies terms of an existing contract.

find out more

Rental Agreement Month To Month

A flexible rental agreement for Singapore properties that renews monthly, compliant with local tenancy laws.

find out more

Mutual Agreement Between Two Parties

A bilateral agreement template governed by Singapore law, establishing mutual obligations and responsibilities between two parties.

find out more

Legally Binding Agreement

A legally binding agreement under Singapore law establishing enforceable obligations between parties.

find out more

Incorporation Agreement

A legal document establishing a new company under Singapore law, defining ownership, management structure, and governance framework.

find out more

Formal Agreement

A binding legal agreement under Singapore law establishing contractual obligations between parties.

find out more

Boilerplate Agreement

A standard template agreement under Singapore law for establishing basic business relationship terms and conditions.

find out more

Amended Contract

A Singapore law-governed document that formally modifies terms of an existing contract while maintaining its core validity.

find out more

Tooling Agreement

A Singapore law-governed agreement establishing terms for the manufacture and supply of industrial tools, including specifications, quality standards, and commercial terms.

find out more

Service Agreement Terms And Conditions

A Singapore law-governed agreement defining the terms and conditions for service provision between parties.

find out more

Representation Agreement

A Singapore-law governed agreement establishing the terms and conditions between a principal and their appointed representative.

find out more

Provisional Agreement

A preliminary binding contract under Singapore law that establishes framework terms for a future detailed agreement.

find out more

Preliminary Agreement

A Singapore-law governed initial framework document that establishes preliminary terms between parties before a definitive agreement.

find out more

Land Agreement Between Two Parties

A Singapore-law governed agreement for the transfer or sale of land between two parties, incorporating local property law requirements and regulations.

find out more

Common Terms Agreement

A Singapore law-governed agreement establishing standard terms for syndicated lending facilities.

find out more

Buyer Agency Agreement

A Singapore-compliant agreement establishing representation terms between a property buyer and real estate agent.

find out more

Subordination Agreement Mortgage

A Singapore law agreement establishing priority between multiple mortgage interests over the same property, with junior lenders subordinating their interests to the senior lender.

find out more

Statement Of Agreement

A formal declaration document under Singapore law that records specific agreements or acknowledgments between parties.

find out more

Work Contract Between Two Companies

A legal agreement for the sale and purchase of land in Singapore, conforming to local property laws and regulations.

find out more

Preliminary Contract

A Singapore-law governed preliminary agreement that establishes initial terms and framework for future detailed contracts.

find out more

Employee Accommodation Agreement

A formal legal document under Singapore law that establishes a binding agreement for the transfer of property or assets between seller and buyer.

find out more

Contractual Agreement

A legally binding agreement under Singapore law establishing terms and conditions between parties for business relationships.

find out more

Labour Contract Agreement For Construction Of House

A legal agreement governing employment terms for house construction workers in Singapore, complying with local labor and construction laws.

find out more

Partnership Agreement

A Singapore-law governed agreement establishing the terms and conditions of a partnership between two or more parties.

find out more

Business Cooperation Agreement

A Singapore-governed agreement establishing terms and conditions for business collaboration between parties.

find out more

Lodger Agreement

A Singapore-compliant legal agreement between a resident landlord and a lodger for sharing residential accommodation.

find out more

Training Agreement Between Company And Employee

A legally binding agreement under Singapore law that establishes terms and conditions between service providers and users.

find out more

Head Of Terms Agreement

A preliminary agreement under Singapore law outlining key terms and conditions for a proposed business transaction or arrangement.

find out more

Business Contract

A Singapore law-governed business contract for establishing commercial relationships between business entities.

find out more

Dispute Resolution Agreement

A Singapore law-governed agreement establishing procedures for resolving disputes through mediation, arbitration, or other agreed methods.

find out more

Bike Sale Agreement

A Singapore law-governed agreement for the sale and purchase of bicycles, including terms of sale, warranties, and regulatory compliance.

find out more

Umbrella Agreement

A Singapore law-governed master agreement establishing framework terms for ongoing business relationships and subsequent specific agreements.

find out more

Share Purchase Agreement

A Singapore law-governed agreement for the sale and purchase of shares in a company, setting out transaction terms and conditions.

find out more

Rent To Own Agreement Form

A Singapore-compliant agreement allowing tenants to rent property with an option to purchase at a predetermined price and terms.

find out more
See more related templates

ұԾ’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ұԾ’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it