Offer Purchase Contract 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 Offer Purchase Contract

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

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:

Offer Purchase Contract

"I need an Offer Purchase Contract under Singapore law for buying industrial machinery worth SGD 500,000, with payment in three installments and delivery scheduled for March 2025."

Document background
The Offer Purchase Contract serves as a crucial legal instrument in Singapore business transactions, establishing the framework for a potential sale and purchase arrangement. This document is particularly important when parties need to formalize their initial agreement before proceeding with a full sale and purchase agreement. The contract typically includes essential elements such as item description, pricing, payment terms, and conditions precedent, all structured within Singapore's legal framework. It provides both parties with clarity on their rights and obligations while ensuring compliance with local commercial laws.
Suggested Sections

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

2. Background: Context of the transaction and purpose of the agreement

3. Definitions: Key terms used throughout the contract

4. Subject Matter: Description of goods/assets being purchased

5. Purchase Price: Amount and payment terms

6. Completion: Timing and mechanics of the transfer

7. Representations and Warranties: Standard seller warranties about the goods/assets

8. Governing Law: Singapore law provisions and jurisdiction

Optional Sections

1. Conditions Precedent: Prerequisites before completion - used for complex transactions with pre-completion requirements

2. Due Diligence: Buyer's inspection rights - used for high-value or complex assets

3. Escrow Arrangements: Terms for holding funds in escrow - used when payment security is required

4. Post-Completion Obligations: Ongoing obligations after transfer - used when ongoing responsibilities exist

Suggested Schedules

1. Asset Schedule: Detailed description of assets being purchased

2. Payment Schedule: Breakdown of payment terms and installments

3. Form of Transfer: Template documents for transferring title

4. Due Diligence Results: Findings from any inspections or investigations

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

Relevant legal definitions
Industries

Contracts Act 1872: Primary legislation governing contract formation, validity, and enforcement in Singapore. Covers fundamental aspects like offer, acceptance, consideration, and contractual capacity.

Sale of Goods Act: Regulates contracts relating to the sale of goods, including transfer of property, rights of unpaid sellers, and implied conditions and warranties.

Electronic Transactions Act: Governs electronic transactions and digital signatures, particularly relevant for contracts formed through electronic means.

Consumer Protection (Fair Trading) Act: Protects consumer interests in transactions and provides remedies against unfair practices, applicable if dealing with consumer transactions.

Personal Data Protection Act 2012: Governs the collection, use, and disclosure of personal data in Singapore, relevant for handling personal information in contracts.

Unfair Contract Terms Act: Restricts the extent to which civil liability for breach of contract can be avoided through contract terms.

Competition Act: Promotes competition in markets and prohibits anti-competitive practices, may be relevant depending on contract scope.

United Nations Convention on Contracts (CISG): International sales law that governs cross-border sale of goods, applicable if contract involves international trade.

Contract Formation Requirements: Legal elements necessary for valid contract formation: offer, acceptance, consideration, and intention to create legal relations.

Industry-Specific Regulations: Additional regulatory requirements specific to the industry or sector in which the purchase contract operates.

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

Find the exact document you need

Waiver Agreement Of Purchase And Sale

find out more

Simple Property Sale Agreement

find out more

Purchase Sale Agreement Form

find out more

Home Purchase Agreement Form

find out more

Contract To Sell A Vehicle

find out more

Assignment Of Contract To Sell

find out more

Second Hand Bike Purchase Agreement

find out more

Contract To Sell Lot

find out more

Offer To Purchase Property Form

find out more

Mortgage Loan Sale Agreement

find out more

Asset Purchase Agreement Goodwill

find out more

Commercial Real Estate Purchase Contract

find out more

Unit Sale Agreement

find out more

Equity Sale Agreement

find out more

Agreement Of Purchase And Sale Condominium

find out more

Pre Sale Purchase Agreement

find out more

Agreement For Sale Of Machinery

find out more

Domain Sale Agreement

find out more

Vacant Land Purchase Contract

find out more

Buy Sell Agreement Cross Purchase

find out more

Purchase And Sale Agreement Oil And Gas

find out more

Preliminary Sale Agreement

find out more

Offer Purchase Contract

find out more

Asset Purchase Agreement Term Sheet

find out more

Installment Purchase Contract

find out more

Real Estate Sales Agreement

find out more

Agreement To Sell Property

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.