Document background
The Preliminary Sale Agreement serves as a crucial intermediary document in Singapore business transactions, establishing legally binding commitments while allowing flexibility for final negotiations. This document is particularly useful when parties need to formalize their initial agreement but require time for due diligence, regulatory approvals, or detailed negotiations. It typically includes key commercial terms, conditions precedent, timelines, and any exclusivity arrangements. Under Singapore law, the Preliminary Sale Agreement creates enforceable obligations while providing a structured framework for progressing towards the final sale.
