Document background
The Simple Business Sale Agreement is designed for use in Singapore when transferring ownership of a small to medium-sized business. This document is particularly suitable for straightforward business sales where the transaction structure is relatively simple and the due diligence requirements are modest. It covers essential elements such as asset transfer, payment terms, and basic warranties while complying with Singapore's legal framework. The agreement is commonly used for transactions where the business value is moderate and the parties prefer a streamlined approach rather than a complex acquisition agreement.
