Ƶ

Model Asset Purchase Agreement for Singapore

Model Asset Purchase Agreement Template for Singapore

A comprehensive legal document governed by Singapore law that facilitates the purchase and sale of business assets. It provides a structured framework for asset transfers, incorporating local regulatory requirements, tax considerations, and specific provisions for different types of assets. The agreement ensures compliance with Singapore's Sale of Goods Act, Companies Act, and other relevant legislation while protecting both parties' interests through detailed warranties and indemnities.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Model Asset Purchase Agreement

Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.

What is a Model Asset Purchase Agreement?

The Model Asset Purchase Agreement is a standardized template used for asset acquisition transactions in Singapore. It's designed to facilitate the transfer of business assets while ensuring compliance with Singapore's legal framework, including the Sale of Goods Act and Companies Act. This document is particularly useful for businesses conducting asset-only acquisitions, as opposed to share purchases, and includes comprehensive provisions for asset identification, valuation, warranties, and post-completion obligations. The agreement can be customized based on the nature of assets being transferred and specific industry requirements.

What sections should be included in a Model Asset Purchase Agreement?

1. Parties: Identification of buyer and seller with complete legal details

2. Background: Context of the transaction and brief description of the assets being purchased

3. Definitions: Key terms used throughout the agreement including definition of Assets, Completion Date, Purchase Price

4. Sale and Purchase: Core transaction terms including price, payment terms, and transfer of title

5. Completion: Timing and mechanics of closing the transaction, including conditions precedent and completion obligations

6. Warranties and Representations: Seller's assurances about the assets and business, including title, condition, and compliance with laws

7. Indemnification: Protection against losses from breach of warranties or other obligations, including procedure for claims

8. Confidentiality: Obligations regarding confidential information and announcement of the transaction

9. Governing Law and Jurisdiction: Specification of Singapore law as governing law and jurisdiction for disputes

What sections are optional to include in a Model Asset Purchase Agreement?

1. Employee Matters: Terms relating to transfer of employees, including treatment of existing contracts and benefits

2. Intellectual Property: Specific provisions for IP transfer, protection, and licensing arrangements

3. Real Property: Terms specific to real estate transfer, including title conditions and property-related warranties

4. Tax Matters: Specific provisions regarding tax liabilities, indemnities, and GST treatment

5. Post-Completion Covenants: Obligations after completion, including non-compete and transition services

What schedules should be included in a Model Asset Purchase Agreement?

1. Schedule 1 - Asset Schedule: Detailed list and description of all assets being transferred

2. Schedule 2 - Excluded Assets: List of assets specifically excluded from the transaction

3. Schedule 3 - Warranties: Detailed warranties given by the seller regarding the assets and business

4. Schedule 4 - Encumbrances: List of any existing liens, charges or encumbrances on the assets

5. Schedule 5 - Material Contracts: List of key contracts being transferred as part of the assets

6. Schedule 6 - Completion Obligations: Detailed list of actions and deliverables required at completion

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Singapore

Publisher

Ƶ

Document Type

Purchase Agreement

Cost

Free to use
Relevant legal definitions











































Clauses




































Industries

Sale of Goods Act (Chapter 393): Primary legislation governing the sale and transfer of goods, including conditions and warranties, transfer of title and risk in Singapore

Civil Law Act (Chapter 43): Fundamental contract law legislation establishing common law principles of contract formation and enforcement in Singapore

Misrepresentation Act (Chapter 390): Legislation dealing with false statements and misrepresentations in contractual dealings

Companies Act (Chapter 50): Corporate legislation governing company operations, including corporate authority, capacity, and share transfer regulations

Competition Act (Chapter 50B): Legislation governing merger control provisions and anti-competitive practices in Singapore

Stamp Duties Act (Chapter 312): Legislation covering document stamping requirements and related tax implications for asset transfers

Goods and Services Tax Act: Tax legislation governing GST treatment of asset transfers and registration requirements

Employment Act (Chapter 91): Labor law governing the transfer of employees and preservation of employment terms in asset purchases

Industry-Specific Regulations: Sector-specific regulations including MAS regulations for financial institutions and other industry-specific licenses and permits

Personal Data Protection Act 2012: Privacy legislation governing data transfer provisions and privacy compliance requirements

Conveyancing and Law of Property Act: Property law governing real estate transactions and property transfers if real estate assets are involved

Land Titles Act: Legislation governing the registration and transfer of land titles in Singapore for property-related asset purchases

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Vehicle Hire Purchase Agreement

A Singapore-law governed agreement for purchasing vehicles through installment payments, regulated by the Hire-Purchase Act.

find out more

Website Purchase Agreement

A Singapore law-governed agreement for the purchase and transfer of website ownership and associated digital assets.

find out more

Standby Bond Purchase Agreement

A Singapore law-governed agreement where a financial institution commits to purchase bonds under specified circumstances, providing liquidity support for variable rate securities.

find out more

Simple Home Purchase Agreement

A legally binding agreement for residential property sale and purchase in Singapore, conforming to local property laws and regulations.

find out more

Personal Property Addendum

A Singapore-compliant legal document that supplements existing agreements with specific terms regarding personal property items.

find out more

Parties In A Hire Purchase Agreement

A Singapore-law governed agreement enabling purchase of goods through installment payments while allowing immediate possession and use.

find out more

Option To Buy Agreement

A Singapore-compliant agreement granting the right to purchase specific assets or property at predetermined terms within a specified period.

find out more

Online Shopping Agreement

A Singapore law-governed agreement setting out terms and conditions for online shopping transactions between retailers and customers.

find out more

Model Asset Purchase Agreement

A Singapore law-governed agreement template for the purchase and sale of business assets, ensuring compliant asset transfer under local regulations.

find out more

Lease With Option To Purchase Agreement

A Singapore-governed agreement combining property lease terms with an exclusive option for the tenant to purchase the property at a preset price and timeframe.

find out more

Lease Agreement With Option To Purchase

A Singapore legal agreement combining property lease terms with a purchase option for the tenant.

find out more

Contingent Purchase Agreement

A Singapore law-governed agreement for a purchase transaction that only proceeds when specified conditions are met.

find out more

Auto Purchase And Sale Agreement

A Singapore-law governed agreement for the sale and purchase of motor vehicles, compliant with LTA regulations and local vehicle ownership requirements.

find out more

Artwork Purchase Agreement

A Singapore law-governed agreement for the purchase and sale of artwork, covering ownership transfer, authenticity, and delivery terms.

find out more

Agreement To Sell And Agreement For Sale

A Singapore-compliant legal document combining an agreement to sell and agreement for sale, outlining terms for property or goods transfer.

find out more

Agreement For Sale Of Flat

A Singapore-compliant legal agreement governing the sale and purchase of a residential flat.

find out more

Agreement For Advance Payment For Purchase Of Goods

A Singapore-law governed agreement setting out terms for advance payment in goods procurement, including payment terms and delivery conditions.

find out more

Advance Agreement For Land Purchase

A Singapore-compliant agreement setting out terms for a future land purchase, including price, conditions, and transfer requirements.

find out more

Purchase Agreement Extension

A Singapore law-governed document extending an existing purchase agreement's duration and terms.

find out more

Partnership Purchase Agreement

A Singapore law-governed agreement for the purchase and sale of partnership interests, ensuring compliant transfer of ownership under local regulations.

find out more

Owner To Owner House Sale Contract

A Singapore-compliant contract for direct property sale between private owners, detailing terms of sale and transfer requirements.

find out more

Letter Of Sales Agreement

A formal sales agreement document under Singapore law that outlines terms and conditions for the sale of goods or services.

find out more

Lease With Option To Buy Commercial Property

A Singapore-governed agreement combining commercial property lease terms with a future purchase option.

find out more

Lease Contract Buy Out Agreement

A Singapore-law governed agreement that documents the terms and conditions for early termination of a lease between landlord and tenant.

find out more

Cross Purchase Agreement

A Singapore-law governed agreement between shareholders establishing mechanisms for the purchase and sale of shares upon specified triggering events.

find out more

Buy Tenancy Agreement

A legally binding rental contract under Singapore law that establishes terms and conditions for property tenancy.

find out more

Motorcycle Hire Purchase Agreement

A Singapore-law governed agreement enabling the purchase of motorcycles through structured installment payments, regulated under the Hire-Purchase Act.

find out more

Software Source Code Purchase Agreement

A Singapore law-governed agreement for the purchase and transfer of software source code, including IP rights and technical specifications.

find out more

Residential Resale Condominium Property Purchase Contract

A Singapore law-governed contract for the purchase and sale of a resale condominium unit, incorporating all necessary legal requirements and protections.

find out more

Agreement For Sale And Purchase With Plan

A Singapore-governed agreement for the sale and purchase of property based on development plans, typically used for off-plan properties.

find out more

Receivable Purchase Agreement

A Singapore law-governed agreement for the sale and transfer of receivables between parties, subject to local financial regulations and commercial laws.

find out more

Real Property Purchase Agreement

A legally binding agreement for the sale and purchase of real property in Singapore, conforming to local property laws and regulations.

find out more

Letter Of Intent For Purchase Order

A preliminary document under Singapore law expressing intent to purchase goods or services, outlining key commercial terms while allowing flexibility for final negotiations.

find out more

Lot Purchase Agreement

A legal agreement under Singapore law for the purchase and sale of land lots, establishing terms and conditions for the transaction.

find out more

Flat Purchase Agreement

A legally binding agreement for the sale and purchase of residential property in Singapore, compliant with local housing laws and regulations.

find out more

Contract Agreement Between Supplier And Purchaser

A Singapore-law governed agreement establishing terms between supplier and purchaser for goods or services delivery.

find out more

Non Binding Purchase Agreement

A non-binding document under Singapore law that outlines proposed terms for a potential purchase transaction without creating legal obligations.

find out more

Lease With Option To Purchase

A Singapore-governed agreement combining property lease terms with a future purchase option, compliant with local property laws.

find out more

Commercial Offer To Purchase

A formal purchase offer document under Singapore law that outlines terms and conditions for acquiring commercial assets or property.

find out more

Short Form Stock Purchase Agreement

A simplified agreement for share transfers under Singapore law, outlining basic terms for buying and selling company stock.

find out more
See more related templates

ұԾ’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ұԾ’s 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

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it