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Terms Of Sale Of Goods Contract

Terms Of Sale Of Goods Contract for Singapore

Terms Of Sale Of Goods Contract Template for Singapore

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What is a Terms Of Sale Of Goods Contract?

The Terms of Sale of Goods Contract is a fundamental commercial document used in Singapore for transactions involving the sale and purchase of goods. This contract type is essential for businesses engaged in selling products, whether in retail, wholesale, or manufacturing contexts. It complies with Singapore's legal framework, particularly the Sale of Goods Act and Consumer Protection laws, while providing clear terms on product specifications, pricing, delivery, warranties, and risk transfer. The document serves to protect both parties' interests and provides clarity on their respective rights and obligations throughout the transaction.

What sections should be included in a Terms Of Sale Of Goods Contract?

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

2. Background: Context and purpose of the agreement

3. Definitions: Key terms used throughout the agreement

4. Product Description: Detailed description of goods being sold

5. Price and Payment Terms: Price, payment schedule, and payment methods

6. Delivery Terms: Delivery timeframes, locations, and responsibilities

7. Title and Risk: Transfer of ownership and risk in goods

8. Warranties: Product quality guarantees and warranties

9. Termination: Circumstances and process for contract termination

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

What sections are optional to include in a Terms Of Sale Of Goods Contract?

1. Returns Policy: Process for returning goods - include for retail sales or when returns are permitted

2. Intellectual Property: IP rights in relation to the goods - include when goods involve patents, trademarks, or other IP

3. Export/Import Requirements: Compliance with international trade laws - include for international sales

4. Data Protection: Handling of customer data - include when personal data is collected

What schedules should be included in a Terms Of Sale Of Goods Contract?

1. Product Specifications: Detailed technical specifications of goods

2. Price List: Detailed pricing for different products or volumes

3. Delivery Schedule: Specific delivery dates and locations

4. Warranty Terms: Detailed warranty conditions and procedures

Authors

Alex Denne

Head of Growth (Open Source Law) @ ΊμΠΣΦ±²₯ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

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Industries

Sale of Goods Act (SOGA): Primary legislation governing sale of goods transactions, covering rights and obligations of buyers and sellers, transfer of property, delivery and acceptance rules, and implied terms about quality and fitness

Supply of Goods Act: Legislation providing additional consumer protection provisions and quality standards requirements for goods

Consumer Protection (Fair Trading) Act (CPFTA): Law addressing unfair practices, consumer rights, and remedies available to consumers in trading situations

Electronic Transactions Act: Legislation governing electronic commerce, including electronic signatures, records, and formation of electronic contracts

Contracts Act: Fundamental legislation covering general contract formation principles, offer and acceptance, consideration, and capacity to contract

Personal Data Protection Act (PDPA): Law governing the collection, use, and disclosure of personal data, including data protection obligations for businesses

Goods and Services Tax Act: Legislation covering tax implications and pricing requirements for sale of goods

Consumer Protection (Trade Descriptions and Safety Requirements) Act: Law regulating product safety requirements and accuracy of product descriptions

Unfair Contract Terms Act: Legislation governing limitation of liability and reasonableness test for exclusion clauses in contracts

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

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