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Deferred Payment Agreement
"Need a Deferred Payment Agreement for the purchase of manufacturing equipment worth SGD 500,000, with monthly installments over 24 months starting March 2025, including security over the equipment and early payment options."
1. Parties: Identification and details of the contracting parties
2. Background: Context and purpose of the deferred payment arrangement
3. Definitions: Key terms used throughout the agreement
4. Payment Terms: Amount, schedule, and method of deferred payments
5. Interest: Interest rate, calculation method, and payment schedule
6. Default Provisions: Consequences and remedies in case of payment default
7. Representations and Warranties: Statements of fact and assurances made by the parties
8. Covenants: Ongoing obligations of the parties during the payment period
9. Governing Law and Jurisdiction: Specification of Singapore law as governing law and jurisdiction for disputes
1. Security: Details of any collateral or security provided for the deferred payment
2. Early Payment Provisions: Terms and conditions for early repayment including any penalties or discounts
3. Force Majeure: Provisions for unforeseen circumstances affecting payment ability
4. Assignment: Terms governing the transfer of rights and obligations under the agreement
5. Guarantee: Terms of any guarantee provided by a third party
1. Payment Schedule: Detailed breakdown of payment amounts and due dates
2. Interest Calculation Schedule: Detailed method of interest calculation with examples
3. Security Details: Specification of any assets or guarantees provided as security
4. Notice Details: Contact information and addresses for formal notices
5. Form of Guarantee: Template of guarantee document if applicable
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³Ò±ð²Ô¾±±ð’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; ³Ò±ð²Ô¾±±ð’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
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a £1 million research project on privacy and anonymity in legal contracts
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