The Deposit Agreement For Business Purchase is a crucial document in Singapore business acquisitions, providing security for both parties during the transaction process. It is typically used when a significant business purchase is being negotiated, requiring a substantial deposit to demonstrate commitment. The agreement details deposit terms, conditions for release or forfeiture, and coordinates with Singapore's business transfer regulations. It serves as a preliminary agreement before the main sale and purchase agreement, protecting both parties' interests during the due diligence and negotiation phases.
Create a bespoke document in minutes, or upload and review your own.
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聽of your information
Key Requirements PROMPT example:
Deposit Agreement For Business Purchase
"I need a Deposit Agreement For Business Purchase for the acquisition of a medium-sized tech company in Singapore, with a 10% deposit to be held in escrow until March 2025, and specific provisions for due diligence requirements and potential earnout arrangements."
1. Parties: Identification of buyer, seller, and any guarantors involved in the business purchase agreement
2. Background: Context of the transaction, description of the business being purchased, and intention of parties
3. Definitions: Key terms and definitions used throughout the agreement including Business, Deposit, Completion Date, etc.
4. Deposit Amount: Specification of deposit sum, calculation method, and agreed percentage of total purchase price
5. Payment Terms: Timeline, method, and conditions for deposit payment including bank details and confirmation requirements
6. Conditions for Release: Circumstances under which deposit will be released, refunded, or forfeited
7. Default Provisions: Consequences of breach by either party and remedies available
8. Governing Law: Specification of Singapore law as governing law and jurisdiction
1. Due Diligence Period: Terms and duration for buyer's investigation period, including rights to terminate based on findings
2. Escrow Provisions: Terms for third-party holding of deposit, including escrow agent's duties and release conditions
3. Interest Provisions: Terms for interest earned on deposit during holding period and allocation between parties
4. Confidentiality: Provisions for maintaining confidentiality of transaction and business information during negotiations
1. Schedule 1 - Business Details: Comprehensive description of business assets, liabilities, and components included in sale
2. Schedule 2 - Payment Schedule: Detailed breakdown of payment terms, timeline, and milestone payments
3. Schedule 3 - Conditions Precedent: List of conditions that must be met before completion of business purchase
4. Appendix A - Due Diligence Requirements: Detailed list of documents and information to be provided during due diligence
5. Appendix B - Form of Notice: Template notices for key communications between parties including deposit confirmation
Authors
Relevant legal definitions
Clauses
Relevant Industries
Relevant Teams
Relevant Roles
Find the exact document you need
Commercial Lease Agreement With Option To Purchase
A formal notice from a commercial tenant to terminate their lease agreement under Singapore law.
find out more
Business Share Purchase Agreement
A legal contract under Singapore law governing the sale and purchase of goods or services between buyer and seller.
find out more
Deposit Agreement For Business Purchase
A Singapore law-governed agreement establishing terms for food product distribution, compliant with SFA regulations.
find out more
Agreement For Sale Of Business Sole Proprietorship
A Singapore-compliant legal document establishing terms for structured installment payments between parties.
find out more
Commercial Property Purchase And Sale Agreement
A Singapore-law governed financial instrument combining guarantees from multiple banks to provide enhanced security for commercial transactions.
find out more
Option To Purchase Business Agreement
A Singapore-compliant NDA for protecting confidential information shared with consultants.
find out more
Company Sales Agreement
A Singapore-governed formal document that extends the duration of an existing agreement while preserving its original terms.
find out more
Commercial Lease With Option To Purchase
A Singapore-law governed agreement for the commercial sale and purchase of goods between business entities.
find out more
Business Share Sale Agreement
A legal notice document used in Singapore to terminate a tenancy agreement with 30 days' notice to the tenant.
find out more
Business Buy And Sell Agreement
A formal notification under Singapore law confirming the natural expiration of a contract and outlining final obligations.
find out more
Business Asset Purchase Agreement
A Singapore law-governed agreement for the sale and purchase of a business, detailing terms, price, and parties' obligations.
find out more
Commercial Real Estate Sales Contract
A legally binding agreement under Singapore law that establishes terms for commission-based work arrangements between principals and agents.
find out more
Contract For Sale Of Business
A Singapore-law agreement documenting a loan convertible to company shares under specified conditions.
find out more
Letter Of Intent To Sell Business
A Singapore-compliant legal document recording the sale and transfer of ownership of a camper vehicle between parties.
find out more
Non Disclosure Agreement For Sale Of Business
A Singapore law-governed open source software license that enables free software use, modification, and distribution while protecting authors' rights.
find out more
Business Acquisition Letter Of Intent
A Singapore-compliant formal document authorizing a designated person to use the card owner's payment card under specified conditions.
find out more
Business Acquisition Agreement
A Singapore-compliant formal authorization document allowing a designated representative to handle building permit applications with the BCA.
find out more
Asset Purchase Letter Of Intent
A Singapore-compliant formal authorization document allowing third-party access to bank statements under local banking and privacy laws.
find out more
Letter Of Intent To Purchase Business
A preliminary document under Singapore law outlining the proposed terms of an acquisition, serving as a framework for negotiations.
find out more
Business Asset Sale Agreement
A Singapore law-governed agreement documenting the sale and purchase of equity interests in a company, including transaction terms and regulatory compliance requirements.
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.
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 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 拢1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our for more details and real-time security updates.
Read our Privacy Policy.