Document background
A Business Purchase Offer Letter is a crucial initial document in business acquisitions under Singapore law. It is typically used when a potential buyer has identified a target business and wishes to formally express their interest and proposed terms. The letter includes essential information such as purchase price, payment structure, key assets involved, and conditions for completing the transaction. While not legally binding (except for specific provisions like confidentiality), it serves as a fouNDAtion for subsequent negotiations and the final purchase agreement. The document must align with Singapore's legal framework, including the Companies Act, Sale of Goods Act, and relevant regulatory requirements.
