The Offer To Purchase Form Private Sale is a crucial document in Singapore's private sale transactions, serving as the initial formal step in the purchase process. This document is typically used when a buyer wishes to make a formal offer to purchase property, vehicles, or other significant assets from a private seller. It includes detailed terms of the proposed purchase, including price, payment schedule, conditions precedent, and completion requirements. The document must comply with Singapore's legal requirements, including the Civil Law Act and relevant property legislation. It provides protection for both parties by clearly documenting the terms of the proposed transaction and serves as the foundation for the subsequent sale and purchase agreement.
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1. Parties: Identification and details of buyer and seller
2. Background: Context of the sale and basic information about the property/goods
3. Definitions: Key terms used throughout the document
4. Subject Matter of Sale: Detailed description of property/goods being sold
5. Purchase Price: Amount and payment terms
6. Completion Terms: Timeline and conditions for completing the sale
7. Warranties: Basic warranties regarding ownership and condition
8. Governing Law: Specification of Singapore law as governing law
1. Due Diligence: Buyer's right to inspect and verify - used for high-value transactions or complex properties
2. Conditions Precedent: Specific conditions that must be met before completion - used when sale is subject to specific requirements or approvals
3. GST Provisions: Treatment of Goods and Services Tax - used when transaction is GST-applicable
4. Property Maintenance: Responsibilities for maintenance during transition - used for property sales with delayed completion
1. Property Details Schedule: Detailed description of property/goods including specifications, conditions
2. Payment Schedule: Detailed breakdown of payment terms and installments
3. Inventory List: List of included items/fixtures/fittings - for property sales including furnishings
4. Due Diligence Documents: Relevant certificates, permits, warranties - when additional documentation is required
Relevant legal definitions
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