Document background
The Intent To Purchase Agreement serves as a crucial intermediate step in significant transactions under Singapore law. It is typically used when parties have progressed beyond initial discussions but aren't ready for a definitive purchase agreement. This document outlines the proposed transaction's fundamental terms, including price range, timeline, and conditions precedent. While maintaining flexibility for future negotiations, it provides a structured framework and can include binding elements such as exclusivity periods and confidentiality obligations. The agreement is particularly valuable in complex transactions where due diligence is required before finalizing the purchase.
