Business Sale Agreement Template for Singapore

Create a bespoke document in minutes, or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Business Sale Agreement

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 of your information

Key Requirements PROMPT example:

Business Sale Agreement

"I need a Business Sale Agreement for the sale of my small technology consulting firm in Singapore to a larger corporation, including the transfer of our proprietary software and client contracts, with completion planned for March 2025."

What is a Business Sale Agreement?

The Business Sale Agreement is essential for any business acquisition in Singapore, whether involving asset or share transfers. It serves as the primary transaction document, detailing all aspects of the business sale including assets being transferred, purchase price, payment terms, warranties, and post-completion obligations. The agreement must be structured to comply with Singapore's regulatory requirements, including corporate law, employment regulations, and tax considerations. This document is particularly crucial as it provides legal protection for both parties and ensures a clear framework for the transfer of business ownership.

What sections should be included in a Business Sale Agreement?

1. Parties: Identification and details of the buyer and seller

2. Background: Context of the transaction and brief description of the business

3. Definitions: Key terms used throughout the agreement

4. Sale and Purchase: Core transaction terms including assets being sold

5. Purchase Price: Consideration and payment terms

6. Completion: Timing and mechanics of completion

7. Warranties: Seller's representations about the business

8. Limitations on Claims: Restrictions on warranty claims

What sections are optional to include in a Business Sale Agreement?

1. Employee Transfer: Terms for transfer of employees - include when employees are being transferred as part of the business sale

2. Property Assignment: Terms for transfer of real property - include when real property assets are part of the sale

3. Intellectual Property Assignment: Terms for transfer of IP - include when intellectual property assets are being transferred

4. Non-Compete: Restrictions on seller's future activities - include when protecting goodwill of business is crucial

What schedules should be included in a Business Sale Agreement?

1. Asset Schedule: Detailed list of assets being transferred

2. Properties Schedule: Details of real property included in sale

3. Employee Schedule: List of transferring employees and their terms

4. Intellectual Property Schedule: List of IP rights being transferred

5. Contracts Schedule: List of contracts being assigned

6. Warranties Schedule: Detailed warranties given by seller

Authors

Alex Denne

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

Relevant legal definitions
Clauses
Industries

Sale of Goods Act (Cap. 393): Primary legislation governing the sale of goods and transfer of property, defining fundamental rights and obligations of buyers and sellers in business transactions

Companies Act (Cap. 50): Core legislation regulating corporate transactions, including requirements for transfer of business assets and necessary corporate approvals

Competition Act (Cap. 50B): Legislation covering merger control provisions and anti-competitive practices that may affect business sales

Employment Act (Cap. 91): Regulates the transfer of employees, protection of employment rights, and Central Provident Fund obligations during business transfers

Goods and Services Tax Act (Cap. 117A): Addresses tax implications of business transfers and GST registration requirements and obligations

Property Tax Act: Legislation governing tax obligations related to the transfer of real property assets in business sales

Stamp Duties Act: Covers stamp duty obligations and requirements for various transfer documents in business sales

Personal Data Protection Act 2012: Regulates the transfer of customer databases and ongoing data protection obligations in business transfers

Trade Marks Act: Legislation governing the transfer and protection of trademark rights in business sales

Patents Act: Covers the transfer and protection of patent rights in business sales

Copyright Act: Regulates the transfer and protection of copyright materials in business sales

Misrepresentation Act: Addresses issues of misrepresentation in contract formation and business sales

Unfair Contract Terms Act: Regulates the use and enforcement of unfair terms in business sale contracts

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

Simple Asset Sale Agreement

A Singapore legal document outlining terms for straightforward asset sales, ensuring compliance with local laws.

find out more

Sales Quota Agreement

A Singaporean legal document outlining sales targets and commission structures for performance-based sales programs.

find out more

Sales Channel Partner Agreement

A Singaporean legal document establishing distribution partnerships with third-party sales agents and compliance requirements.

find out more

Sales Agency Agreement

A Singapore legal document establishing sales representation terms between a Principal and an appointed agent.

find out more

Furniture Sale Agreement

A Singapore legal document standardizing furniture sales, covering specifications, payment, delivery, warranties, and dispute resolution.

find out more

Freelance Sales Rep Contract

A Singapore legal document outlining terms for engaging freelance sales reps, ensuring compliance with local laws.

find out more

Sales Contract Export Import

A comprehensive agreement for international trade of goods, governed by Singapore law and incorporating local and international trade regulations.

find out more

Export Sale Contract

A legally binding agreement for international sale of goods, governed by Singapore law, detailing terms of export between a Singapore seller and foreign buyer.

find out more

Contract To Sell A House

A Singapore-compliant legal agreement for the sale and purchase of residential property.

find out more

Conditional Deed Of Sale

A Singapore-law governed deed establishing a conditional sale agreement, subject to specified conditions being met before completion.

find out more

Aircraft Sale Agreement

A legally binding agreement for aircraft sale and purchase under Singapore law, detailing terms, conditions, and regulatory compliance requirements.

find out more

Private Sale Of House Contract

A legally binding agreement for private residential property sales in Singapore, detailing terms and conditions of property transfer between parties.

find out more

Deed Of Sale And Purchase

A legally binding document under Singapore law that transfers ownership of property from seller to buyer.

find out more

Contract Sales Of Goods

A legally binding agreement under Singapore law governing the sale and purchase of goods between parties, establishing terms, conditions, and obligations.

find out more

Sale Lease Back Agreement

A Singapore law-governed agreement where property is sold and immediately leased back to the seller, combining elements of both sale and lease arrangements.

find out more

Deed Of Sale Of Absolute Sale

A Singapore-compliant legal document that transfers complete ownership rights from seller to buyer in an unconditional and absolute manner.

find out more

Car Selling Agreement

A legally binding agreement for vehicle sale and ownership transfer under Singapore law.

find out more

Contract For Dog Purchase

A Singapore-law governed contract establishing terms and conditions for dog purchase and sale, ensuring compliance with local pet ownership regulations.

find out more

Token Sale Agreement

A legal agreement governing digital token sales under Singapore law, compliant with PSA and MAS regulations.

find out more

Deed Of Sale Form For Motorcycle

A Singapore-compliant legal document for transferring motorcycle ownership between parties.

find out more

Contract To Sell Form

A Singapore-compliant legal document establishing terms and conditions for the sale of property or goods between parties.

find out more

House Buying Contract

A Singapore-law governed contract for the sale and purchase of residential property, detailing terms of transfer and payment.

find out more

Point Of Sale Contract

A Singapore-compliant agreement governing the provision and operation of Point of Sale systems, including hardware, software, and related services.

find out more

Deed Of Sale Form

A formal legal document under Singapore law that transfers ownership of property or assets from seller to buyer.

find out more

Absolute Deed Of Sale Of Motor Vehicle

A Singapore-compliant legal document that transfers complete ownership of a motor vehicle from seller to buyer.

find out more

Seller Agreement Form

A Singapore-law governed agreement establishing terms for sellers to offer products or services through specified channels.

find out more

Salesperson Contract

A Singapore-law governed employment agreement for sales professionals, detailing compensation, duties, and performance expectations.

find out more

Private Sale Agreement

A legally binding agreement under Singapore law that documents the terms and conditions of a private sale transaction between buyer and seller.

find out more

International Sales Contract

A Singapore law-governed contract establishing terms for international sale of goods between cross-border parties.

find out more

Sales Partner Agreement

A Singapore law-governed agreement establishing terms between a company and its sales partner, covering appointment, territory rights, and commission structure.

find out more

Short Sale Contract

A Singapore-law governed agreement for short selling securities, compliant with SFA and MAS regulations.

find out more

Business Purchase Agreement

A Singapore law-governed agreement for the purchase and sale of a business, including its assets, liabilities, and operational elements.

find out more

Business Sale Agreement

A Singapore-law governed agreement for the sale and purchase of a business, including its assets and operations.

find out more

Buy Sell Agreement

A Singapore-law governed agreement establishing terms and conditions for the sale and purchase of assets, goods, or businesses.

find out more

Purchase And Sale Agreement

A Singapore law-governed agreement documenting terms and conditions for the sale of goods or property between buyer and seller.

find out more

Contract For Buying A House From Owner

A Singapore-compliant contract for the direct sale of residential property between owner and buyer.

find out more

Car Sale Agreement

A Singapore-compliant agreement for the sale and purchase of motor vehicles, addressing local regulatory requirements including COE and LTA regulations.

find out more

Agreement To Sell

A Singapore-law governed contract establishing future sale obligations between seller and buyer, with specified terms and conditions.

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.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’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; Genie’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

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 £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.