Terms & Conditions For Sales Invoice is a fundamental commercial document used in Singapore to establish the legal framework for sales transactions. It outlines the rights and obligations of both parties in relation to payment, delivery, warranties, and risk transfer. The document is essential for businesses operating in Singapore as it ensures compliance with local commercial laws, including the Sale of Goods Act and GST requirements. It serves as a protective measure for both sellers and buyers by clearly defining the terms of sale and providing clarity on dispute reΊμΠΣΦ±²₯ procedures.
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1. 1. Payment Terms: Details of payment terms including due dates, accepted payment methods, late payment penalties, and GST requirements
2. 2. Delivery Terms: Specifications for delivery including timing, location, shipping responsibilities and transfer of risk
3. 3. Price and GST: Pricing structure, GST application, and any price adjustment mechanisms
4. 4. Title and Risk: Terms governing when ownership and risk transfers from seller to buyer
5. 5. Warranty: Standard warranty terms, conditions, and limitations for goods sold
1. International Shipping: Additional terms for cross-border transactions including customs, duties, and international shipping requirements
2. Returns Policy: Terms and conditions for returns, refunds, and exchanges of goods
3. Installation Services: Terms related to installation services including timing, responsibilities, and additional costs
1. Schedule A: Price List: Comprehensive list of prices, quantity discounts, and special pricing terms
2. Schedule B: Product Specifications: Detailed technical specifications and requirements for products
3. Appendix 1: Warranty Terms: Detailed warranty conditions, claim procedures, and exclusions
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