Agreement To Assign Contract For Sale And Purchase Template for Singapore

Create a bespoke document in minutes, or upload and review your own.

4.6 / 5

4.8 / 5

Let's create your Agreement To Assign Contract For Sale And Purchase

1. Select your governing law and document type:

2. Enter your key requirements:

3. Create your document to edit, review or download

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Agreement To Assign Contract For Sale And Purchase

"I need an Agreement To Assign Contract For Sale And Purchase for a Singapore residential property where I (the original purchaser) want to assign my rights to a new buyer who will take over the remaining payments of SGD 2.5 million, with completion scheduled for March 2025."

Document background

The Agreement To Assign Contract For Sale And Purchase is commonly used in Singapore when a purchaser wishes to transfer their rights and obligations under a property sale agreement to another party before completion. This typically occurs in property transactions where the original purchaser is unable or unwilling to complete the purchase, or wishes to transfer their interest for commercial reasons. The document must comply with Singapore's property laws and typically requires the consent of the original vendor. It includes detailed provisions about the assignment process, payment terms, and respective obligations of all parties involved.

Suggested Sections

1. Parties: Identifies and defines all parties to the assignment agreement including the assignor, assignee, and original contracting parties

2. Background: Sets out the context of the original sale and purchase agreement, its key terms, and the intention to assign

3. Definitions: Defines key terms used throughout the agreement including 'Original Agreement', 'Assignment Date', and 'Completion'

4. Assignment: Core provisions detailing the assignment of rights and obligations under the original sale and purchase agreement

5. Consideration: Details of payment or other consideration for the assignment, including payment terms and method

6. Representations and Warranties: Statements of fact and assurances from both parties regarding their capacity and authority to enter into the assignment

7. Completion: Terms and conditions for completing the assignment, including timing and deliverables

8. Governing Law and Jurisdiction: Specifies Singapore law as governing law and Singapore courts' jurisdiction

Optional Sections

1. Conditions Precedent: Conditions that must be satisfied before assignment becomes effective, such as obtaining necessary consents or approvals

2. Consent Requirements: Details of required third-party consents and process for obtaining them

3. Tax Provisions: Allocation of tax liabilities and stamp duty responsibilities between parties

4. Further Assurance: Obligations to execute further documents or perform additional acts to perfect the assignment

Suggested Schedules

1. Schedule 1 - Original Sale and Purchase Agreement: Copy of the agreement being assigned

2. Schedule 2 - Property Details: Detailed description of the property including title particulars and encumbrances

3. Schedule 3 - Payment Schedule: Details of payment terms, timelines, and any outstanding payments under the original agreement

4. Schedule 4 - Form of Consent Letters: Template consent letters and copies of any third-party consents obtained

Authors

Alex Denne

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

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Real Estate
Construction
Property Development
Banking and Finance

Relevant Teams

Legal
Real Estate
Operations
Finance
Compliance

Relevant Roles

Property Manager
Real Estate Agent
Legal Counsel
Contract Manager
Property Developer

Industries

Civil Law Act (Cap. 43): Primary legislation governing civil law matters in Singapore, including contract law principles and remedies

Contracts (Rights of Third Parties) Act: Legislation governing the rights of third parties in contractual relationships, crucial for assignment agreements

Sale of Goods Act (Cap. 393): Regulates the sale of goods and related transactions in Singapore

Property Law Act (Cap. 254): Fundamental legislation governing property rights and transactions in Singapore

Conveyancing and Law of Property Act (Cap. 61): Regulates the conveyancing of property and related matters in Singapore

Housing and Development Act: Governs matters relating to public housing (HDB properties) in Singapore

Residential Property Act: Controls the purchase and ownership of private residential properties in Singapore

Housing Developers (Control and Licensing) Act: Regulates housing developers and protects purchasers' interests in property developments

Stamp Duties Act (Cap. 312): Governs the imposition of stamp duties on various documents and transactions

Legal Profession Act (Cap. 161): Regulates legal practice and professional conduct in Singapore

Misrepresentation Act (Cap. 390): Provides remedies for parties who have entered into contracts based on misrepresentation

Singapore Law Society's Conveyancing Practice Rules: Professional guidelines for lawyers handling property transactions in Singapore

Council for Estate Agencies (CEA) Guidelines: Regulatory framework for real estate agents and agencies in Singapore

Monetary Authority of Singapore (MAS) Guidelines: Financial regulations affecting property transactions, particularly regarding financing

Common Law Contract Principles: Fundamental principles including offer, acceptance, consideration, and intention to create legal relations

Assignment Law Principles: Legal principles governing the transfer of rights and obligations between parties

Doctrine of Privity of Contract: Legal principle that generally only parties to a contract can enforce its terms

How Genie AI reduced drafting time by 75% for a legal firm

Let's create your Agreement To Assign Contract For Sale And Purchase

Authors

Alex Denne

Find the exact document you need

Unregistered Agreement To Sell With Possession

Software Sales Contract

Small Business Sale Contract

Simple Home Sale Contract

Simple Deed Of Sale Of Motor Vehicle

Sales Rep Contract

Sales Commission Letter

Sales Addendum

Sale Of Bike Agreement

Sale Deed And Construction Agreement

Sale Agreement Without Possession

Sale Agreement For Resale Flat

Preliminary Contract Of Sale

Mou Between Buyer And Seller Of Property

Motor Bike Sale Agreement

Letter Of Intent Buying Property

Lease Option Agreement Houses For Sale

Land Sale Deed

House S&p Agreement

Deed Of Sale Of Shares Of Stock

Deed Of Sale Of Franchise

Deed Of Sale And Deed Of Absolute Sale

Contract To Sell With Spa

Contract To Sell Motor Vehicle

Conditional Sale Agreement Property

Conditional Purchase Agreement

Commercial Real Estate Sales Agreement

Bill Of Sale Agreement With Payments

Apartment Sale Contract

Vessel Purchase And Sale Agreement

Simple Business Sale Agreement

Restaurant Sale Agreement

Sale Of Agreement For Land

For Sale As Is Contract

Contract For Vehicle Sale With Payments

Contract To Sell House By Owner

Commission Agent Agreement

Buy Sell Agreement For Small Business

Contract Of Sale Condominium Unit

Patent Sale Agreement

Sales Manager Agreement

Sale And Contract Of Sale

Conditional Contract To Sell

Scrap Sale Agreement

Sale And Purchase Agreement Spa

Oil Purchase And Sale Agreement

Deed Of Sale With Assumption Of Mortgage Car

Seller Friendly Asset Purchase Agreement

Simple Car Sale Agreement

International Contract Of Sale

Employer Employee Sales Commission Agreement

Deposit On Sales Contract

Deed Of Sale Installment Payment

Contract For Sale Of House And Land

Conditional Deed Of Sale With Assumption Of Mortgage

Agreement Sale Deed

Sales Agreement Terms And Conditions

Sale Of Medical Practice Agreement

Deed Of Sale Assumption Of Mortgage

Deed Of Contract To Sell

Agreement To Assign Contract For Sale And Purchase

Agreement For Flat Purchase

Sales Non Compete Agreement

Sale Agreement With Possession

Condominium Purchase Agreement

Auto Sales Contract

Assignment Of Purchase Contract

Agreement Between Buyer And Seller Of Property

Residential Real Estate Purchase Agreement

Sale Of Partnership Interest Agreement

Land Sale Commission Agreement

Exclusive Rights To Sell Agreement

Equipment Sales Contract

Used Equipment Sale Agreement

Sales And Service Contract