An Assignment Of Purchase And Sale Agreement is essential when a party wishes to transfer their rights and obligations under an existing purchase agreement to another party in Singapore. This document is commonly used in real estate transactions, asset purchases, and commercial deals where the original purchaser cannot or chooses not to complete the transaction. The agreement must comply with Singapore's legal requirements, including proper execution, stamping, and registration where applicable. It typically includes details of the original agreement, the parties involved, consideration for the assignment, and any conditions or warranties.
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1. Parties: Identifies all parties to the assignment including assignor, assignee, and other relevant parties
2. Background: Sets out the context of the original purchase agreement and reasons for assignment
3. Definitions: Defines key terms used throughout the agreement including the Original Purchase Agreement, Property, Assignment Date, etc.
4. Assignment: Core provisions detailing the assignment of rights and obligations under the Original Purchase Agreement
5. Consideration: Details of payment or other consideration for the assignment
6. Representations and Warranties: Statements of fact and assurances from parties regarding their capacity, authority, and the status of the Original Purchase Agreement
7. Governing Law: Specifies Singapore law as governing law and jurisdiction
1. Conditions Precedent: Required if assignment is subject to specific conditions being met before becoming effective
2. Tax Provisions: Addresses stamp duty, GST, and other tax implications and responsibilities between parties
3. Regulatory Compliance: Specific provisions addressing compliance with relevant Singapore regulations and obtaining necessary approvals
4. Notice Requirements: Procedures for serving notices to relevant parties including the original seller
1. Schedule 1 - Original Purchase Agreement: Copy of the purchase and sale agreement being assigned
2. Schedule 2 - Property Details: Detailed description of the property or asset subject to the assignment
3. Schedule 3 - Payment Schedule: Details of any installment payments or conditional payments
4. Schedule 4 - Required Consents: Forms and copies of third-party consents required for the assignment
5. Schedule 5 - Outstanding Obligations: List of any remaining obligations under the Original Purchase Agreement
Relevant legal definitions
Agreement
Assignee
Assignor
Assignment Date
Completion
Completion Date
Consideration
Effective Date
Encumbrances
Liabilities
Original Agreement
Original Purchase Price
Original Seller
Parties
Property
Purchase Rights
Related Documents
Seller's Consent
Transaction Documents
Transfer Date
Outstanding Amount
Permitted Assignee
Purchase and Sale Agreement
Rights and Obligations
Security Interest
Stamp Duty
Title Documents
Working Day
Assignee
Assignor
Assignment Date
Completion
Completion Date
Consideration
Effective Date
Encumbrances
Liabilities
Original Agreement
Original Purchase Price
Original Seller
Parties
Property
Purchase Rights
Related Documents
Seller's Consent
Transaction Documents
Transfer Date
Outstanding Amount
Permitted Assignee
Purchase and Sale Agreement
Rights and Obligations
Security Interest
Stamp Duty
Title Documents
Working Day
Clauses
Assignment
Consideration
Conditions Precedent
Consent and Acknowledgment
Representations and Warranties
Notice Requirements
Transfer of Rights
Transfer of Obligations
Payment Terms
Completion
Further Assurance
Indemnification
Release of Assignor
Original Agreement Terms
Stamp Duty
Registration
Costs and Expenses
Confidentiality
Severability
Entire Agreement
Amendment
Waiver
Notices
Governing Law
Dispute Resolution
Force Majeure
Assignment and Novation
Third Party Rights
Counterparts
Time of Essence
Consideration
Conditions Precedent
Consent and Acknowledgment
Representations and Warranties
Notice Requirements
Transfer of Rights
Transfer of Obligations
Payment Terms
Completion
Further Assurance
Indemnification
Release of Assignor
Original Agreement Terms
Stamp Duty
Registration
Costs and Expenses
Confidentiality
Severability
Entire Agreement
Amendment
Waiver
Notices
Governing Law
Dispute Resolution
Force Majeure
Assignment and Novation
Third Party Rights
Counterparts
Time of Essence
Relevant Industries
Relevant Teams
Relevant Roles
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