Document background
The Standard Contract of Sale is essential for businesses conducting sales transactions in Singapore. It provides a comprehensive framework compliant with Singapore's Sale of Goods Act and related commercial legislation. This document should be used when parties need to formalize the sale of goods, whether in single or recurring transactions. It includes crucial elements such as price, payment terms, delivery conditions, warranties, and risk transfer provisions. The contract's standardized nature makes it particularly suitable for regular commercial transactions while maintaining flexibility to accommodate specific requirements of different industries.
