Commercial Purchase Contract for Singapore

Commercial Purchase Contract Template for Singapore

A Commercial Purchase Contract under Singapore law is a legally binding agreement that establishes the terms and conditions for the sale and purchase of goods between commercial entities. The document is governed by Singapore's Sale of Goods Act and related commercial laws, incorporating provisions for payment terms, delivery requirements, warranties, and quality standards. It includes specific protections and obligations under Singapore's legal framework while ensuring compliance with local commercial regulations and practices.

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
Commercial Purchase Contract

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

What is a Commercial Purchase Contract?

The Commercial Purchase Contract serves as a fundamental instrument for business transactions in Singapore, establishing clear terms for commercial purchases between parties. This document is essential when businesses need to formalize the purchase of goods, materials, or equipment, ensuring compliance with Singapore's commercial laws and regulations. It incorporates key elements such as detailed product specifications, pricing structures, delivery terms, and quality requirements, while providing legal protection for both buyers and sellers under Singapore's jurisdiction.

What sections should be included in a Commercial Purchase Contract?

1. 1. Parties: Identification and details of buyer and seller, including registered addresses and company registration numbers

2. 2. Background: Context and purpose of the purchase agreement, including any relevant business relationship context

3. 3. Definitions: Key terms used throughout the agreement, including technical terms and abbreviations

4. 4. Subject Matter: Detailed description of goods being purchased, including quantity, specifications, and quality standards

5. 5. Price and Payment Terms: Purchase price, payment schedule, method of payment, and any applicable taxes or duties

6. 6. Delivery Terms: Timing, location, and method of delivery, including risk transfer and acceptance procedures

7. 7. Warranties and Representations: Quality guarantees, condition of goods, and statements of fact about the goods and parties

8. 8. Term and Termination: Duration of the agreement and circumstances for early termination or cancellation

9. 9. Governing Law: Specification of Singapore law as governing law and jurisdiction clauses

What sections are optional to include in a Commercial Purchase Contract?

1. Inspection Rights: Buyer's rights to inspect goods before acceptance, including timing and rejection procedures

2. Insurance: Insurance requirements during transit and storage, including type of coverage and responsible party

3. Intellectual Property: IP rights and licenses related to the goods, including any restrictions on use

4. Force Majeure: Provisions for unforeseen circumstances that may affect contract performance

5. Confidentiality: Provisions for protecting confidential information exchanged during the transaction

What schedules should be included in a Commercial Purchase Contract?

1. Schedule 1: Product Specifications: Detailed technical specifications of goods, including drawings, measurements, and materials

2. Schedule 2: Price List: Detailed breakdown of prices if multiple items, including unit prices and volume discounts

3. Schedule 3: Delivery Schedule: Detailed delivery timeline if multiple shipments, including specific dates and locations

4. Schedule 4: Quality Standards: Specific quality requirements, testing procedures, and applicable industry standards

5. Schedule 5: Warranty Terms: Detailed warranty terms, conditions, and claim procedures

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

Jurisdiction

Singapore

Publisher

Genie AI

Document Type

Sales Agreement

Sector

Sales

Cost

Free to use
Clauses
Industries

Sale of Goods Act (SOGA): Primary legislation governing contracts for sale of goods in Singapore. Defines rights and obligations of buyers and sellers, including passing of title, delivery requirements, and quality standards for goods.

Contract Law (Amendment) Act: Fundamental law governing contract formation, validity and enforcement in Singapore. Based on common law principles and covers essential elements like offer, acceptance, consideration, and intention to create legal relations.

Electronic Transactions Act: Legislation providing legal recognition and framework for electronic transactions, including the validity of electronic signatures and records in commercial contracts.

Consumer Protection (Fair Trading) Act: Law protecting consumer interests in commercial transactions, applicable if one party is a consumer rather than a business entity.

Unfair Contract Terms Act: Legislation regulating the use and enforcement of exclusion clauses in contracts, including the application of reasonableness test for contract terms.

Goods and Services Tax Act: Tax legislation relevant to commercial purchases in Singapore, governing GST obligations and requirements.

UN Convention on Contracts for International Sale of Goods (CISG): International treaty governing cross-border sale of goods, relevant if the commercial purchase involves international trade.

Industry-Specific Regulations: Regulatory requirements specific to particular industries or types of goods being purchased under the contract.

Competition Law: Legal framework ensuring fair competition and preventing anti-competitive practices in commercial transactions.

Import/Export Regulations: Laws and regulations governing the import and export of goods, including customs requirements and trade restrictions.

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

Unregistered Agreement To Sell With Possession

A Singapore-compliant agreement for property sale with immediate possession rights, pending final transfer.

find out more

Software Sales Contract

A Singapore law-governed agreement for software sales and licensing, ensuring compliance with local technology and data protection regulations.

find out more

Small Business Sale Contract

A legally binding agreement for the sale and purchase of a small business in Singapore, governed by Singapore law.

find out more

Simple Home Sale Contract

A standardized contract for residential property sales in Singapore, governing the transfer of ownership between seller and buyer.

find out more

Simple Deed Of Sale Of Motor Vehicle

A legal document used in Singapore for transferring motor vehicle ownership between parties, compliant with local transport regulations.

find out more

Sales Rep Contract

A Singapore-law governed agreement defining the terms and conditions between a company and its sales representative, including commission structures and performance requirements.

find out more

Sales Commission Letter

A Singapore-compliant document establishing commission-based sales arrangements between a company and sales representative.

find out more

Sales Addendum

A Singapore-law governed document that modifies an existing sales agreement to reflect updated terms and conditions.

find out more

Sale Of Bike Agreement

A Singapore law-governed agreement documenting the sale and purchase of a motorcycle, including terms, conditions, and ownership transfer details.

find out more

Sale Deed And Construction Agreement

A Singapore-governed agreement combining property sale and construction terms, detailing transfer of ownership and building specifications.

find out more

Sale Agreement Without Possession

A Singapore-law governed agreement for the sale of goods where immediate physical possession is not transferred to the buyer.

find out more

Sale Agreement For Resale Flat

A legally binding agreement for the sale and purchase of HDB resale flats in Singapore, governed by Singapore law and HDB regulations.

find out more

Preliminary Contract Of Sale

A preliminary agreement under Singapore law establishing initial terms between buyer and seller for property transactions.

find out more

Mou Between Buyer And Seller Of Property

A preliminary agreement between property buyer and seller under Singapore law, outlining key terms of a proposed property transaction.

find out more

Motor Bike Sale Agreement

A Singapore-governed agreement for the sale and purchase of motorcycles, ensuring legal compliance with local vehicle transfer regulations.

find out more

Letter Of Intent Buying Property

A preliminary document under Singapore law expressing serious intent to purchase property and outlining basic transaction terms.

find out more

Lease Option Agreement Houses For Sale

A Singapore-compliant agreement combining property lease terms with a future purchase option at a preset price.

find out more

Land Sale Deed

A legal document transferring land ownership between parties under Singapore law.

find out more

House S&p Agreement

A legally binding agreement for residential property sale and purchase in Singapore, governed by Singapore law.

find out more

Deed Of Sale Of Shares Of Stock

A Singapore-compliant legal document for transferring share ownership between parties, including terms, warranties, and completion requirements.

find out more

Deed Of Sale Of Franchise

A Singapore-governed legal instrument that transfers franchise rights and establishes the terms of a franchise relationship between franchisor and franchisee.

find out more

Deed Of Sale And Deed Of Absolute Sale

A legal document used in Singapore for transferring property ownership from seller to buyer, governed by Singapore property law.

find out more

Contract To Sell With Spa

A Singapore-compliant legal document combining a contract to sell with a sale and purchase agreement, establishing terms for property or goods transfer.

find out more

Contract To Sell Motor Vehicle

A Singapore-compliant legal agreement for the sale and transfer of ownership of a motor vehicle between parties.

find out more

Conditional Sale Agreement Property

A Singapore-governed agreement for conditional property sale, subject to specific completion requirements.

find out more

Conditional Purchase Agreement

A Singapore law-governed agreement setting out terms for a purchase subject to specific conditions being met.

find out more

Commercial Real Estate Sales Agreement

A Singapore-law governed agreement for the sale and purchase of commercial real estate properties, ensuring legal compliance and protecting both parties' interests.

find out more

Bill Of Sale Agreement With Payments

A Singapore-compliant agreement documenting the sale of property with installment payments, including transfer of title and security arrangements.

find out more

Apartment Sale Contract

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

find out more

Vessel Purchase And Sale Agreement

A Singapore law-governed agreement for the sale and purchase of a marine vessel, detailing transaction terms and ownership transfer requirements.

find out more

Simple Business Sale Agreement

A standardized agreement for the sale and purchase of a business under Singapore law, outlining key terms and conditions of the transaction.

find out more

Restaurant Sale Agreement

A Singapore law agreement for the sale and purchase of a restaurant business, including assets, licenses, and operational rights.

find out more

Sale Of Agreement For Land

A legally binding agreement for the sale and purchase of land in Singapore, governed by Singapore property law and regulations.

find out more

For Sale As Is Contract

A Singapore-governed contract for the sale of goods in their current condition, without warranties or guarantees.

find out more

Contract For Vehicle Sale With Payments

A Singapore-compliant contract for vehicle sale with installment payments, including ownership transfer and payment terms.

find out more

Contract To Sell House By Owner

A Singapore-compliant legal agreement for direct property sale between owner and buyer without agent involvement.

find out more

Commission Agent Agreement

A Singapore-law governed agreement establishing terms for commission-based sales representation between principal and agent.

find out more

Buy Sell Agreement For Small Business

A Singapore-law governed agreement for the sale and purchase of a small business, including terms, conditions, and transfer of ownership.

find out more

Contract Of Sale Condominium Unit

A Singapore-law governed agreement for the sale and purchase of a condominium unit, detailing terms of transfer and obligations of parties.

find out more

Patent Sale Agreement

A Singapore-law governed agreement for the sale and transfer of patent rights from one party to another, compliant with IPOS requirements.

find out more
See more related templates

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

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

2 Docs LeftAccess Now