Document background
The Sale and Purchase Agreement (SPA) is a fundamental transaction document used in Singapore for documenting the sale and acquisition of assets, businesses, or property. This agreement is essential when parties need to formalize significant transactions with clear terms, conditions, and protections. The SPA includes crucial elements such as asset description, purchase price, payment mechanisms, warranties, and completion procedures. Under Singapore law, this document serves as the primary reference point for the transaction and is particularly important for ensuring compliance with local regulatory requirements and providing legal certainty for all parties involved.
