¶¶Òõ¶ÌÊÓƵ

Simple Asset Purchase 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 Simple Asset Purchase 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:

Simple Asset Purchase Agreement

"I need a Simple Asset Purchase Agreement under Singapore law for buying manufacturing equipment worth SGD 500,000 from a local supplier, with completion scheduled for March 2025 and payment in three installments."

Document background
The Simple Asset Purchase Agreement is commonly used in Singapore for straightforward asset transfers where complex conditions or extensive warranties are not required. This document is particularly suitable for single-asset transactions or uncomplicated multiple asset purchases. It complies with Singapore's legal requirements, including the Sale of Goods Act and Civil Law Act, while providing essential protections for both buyer and seller. The agreement typically includes basic warranties about ownership and condition, clear payment terms, and completion arrangements, making it ideal for businesses and individuals seeking a streamlined approach to asset acquisition.
Suggested Sections

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

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

3. Definitions: Key terms used throughout the agreement

4. Asset Description: Detailed description of the asset being purchased

5. Purchase Price: Amount and payment terms

6. Completion: Transfer process and timing

7. Warranties: Basic warranties regarding ownership and condition

Optional Sections

1. Due Diligence: For complex assets requiring investigation - use when asset requires detailed inspection or verification

2. Conditions Precedent: Conditions that must be met before completion - use when certain prerequisites must be fulfilled

3. Tax Provisions: Specific tax arrangements - use when tax implications need special consideration

Suggested Schedules

1. Asset Schedule: Detailed technical description of the asset

2. Payment Schedule: If payment is to be made in installments

3. Title Documents: Copies of relevant ownership documents

4. Due Diligence Reports: If applicable, results of investigations

Authors

Alex Denne

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

Relevant legal definitions




















Clauses

























Industries

Civil Law Act (Cap. 43): Primary legislation governing civil law matters and contractual relationships in Singapore

Sale of Goods Act (Cap. 393): Regulates the sale of goods and provides framework for transfer of property and contractual obligations in sales transactions

Contract Law: Common law principles governing formation and enforcement of contracts in Singapore

Misrepresentation Act (Cap. 390): Governs fraudulent, negligent, and innocent misrepresentations in contracts

Land Titles Act (Cap. 157): Regulates the registration and transfer of land titles if real property is involved

Residential Property Act (Cap. 274): Controls the purchase of residential properties by foreign persons and entities

Housing and Development Act (Cap. 129): Governs matters relating to public housing and HDB properties

Companies Act (Cap. 50): Regulates corporate entities and business asset transfers involving companies

Business Registration Act (Cap. 32): Governs the registration and regulation of businesses in Singapore

Goods and Services Tax Act (Cap. 117A): Determines GST implications on asset transfers and sales

Stamp Duties Act (Cap. 312): Regulates stamp duties payable on documents relating to property transfers and agreements

Electronic Transactions Act (Cap. 88): Provides legal framework for electronic signatures and digital contracts

Personal Data Protection Act 2012: Governs the collection, use, and disclosure of personal data in commercial transactions

Competition Act (Cap. 50B): Ensures fair competition and regulates significant business asset transfers that might affect market competition

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

find out more

Website Purchase Agreement

find out more

Standby Bond Purchase Agreement

find out more

Simple Home Purchase Agreement

find out more

Personal Property Addendum

find out more

Parties In A Hire Purchase Agreement

find out more

Option To Buy Agreement

find out more

Online Shopping Agreement

find out more

Model Asset Purchase Agreement

find out more

Lease With Option To Purchase Agreement

find out more

Lease Agreement With Option To Purchase

find out more

Contingent Purchase Agreement

find out more

Auto Purchase And Sale Agreement

find out more

Artwork Purchase Agreement

find out more

Agreement To Sell And Agreement For Sale

find out more

Agreement For Sale Of Flat

find out more

Agreement For Advance Payment For Purchase Of Goods

find out more

Advance Agreement For Land Purchase

find out more

Purchase Agreement Extension

find out more

Partnership Purchase Agreement

find out more

Owner To Owner House Sale Contract

find out more

Letter Of Sales Agreement

find out more

Lease With Option To Buy Commercial Property

find out more

Lease Contract Buy Out Agreement

find out more

Cross Purchase Agreement

find out more

Buy Tenancy Agreement

find out more

Motorcycle Hire Purchase Agreement

find out more

Software Source Code Purchase Agreement

find out more

Residential Resale Condominium Property Purchase Contract

find out more

Agreement For Sale And Purchase With Plan

find out more

Receivable Purchase Agreement

find out more

Real Property Purchase Agreement

find out more

Letter Of Intent For Purchase Order

find out more

Lot Purchase Agreement

find out more

Flat Purchase Agreement

find out more

Contract Agreement Between Supplier And Purchaser

find out more

Non Binding Purchase Agreement

find out more

Lease With Option To Purchase

find out more

Commercial Offer To Purchase

find out more

Short Form Stock Purchase Agreement

find out more

Purchase Agreement Car Dealership

find out more

Promissory Note Purchase Agreement

find out more

Entity Buy Sell Agreement

find out more

Agreement For Purchase Of Flat With Builder

find out more

Residential Lease Agreement With Option To Purchase

find out more

Estate Sale Agreement

find out more

Unconditional Sale And Purchase Agreement

find out more

Private House Sale Contract

find out more

Sale Agreement For Home Loan

find out more

Simple Offer To Purchase Real Estate Form

find out more

Equipment Purchase And Installation Agreement

find out more

Simple Buy Sell Agreement

find out more

Partnership Interest Purchase Agreement

find out more

Quota Purchase Agreement

find out more

Preferred Stock Agreement

find out more

Letter Of Intent To Buy

find out more

General Purchase Agreement

find out more

Copyright Purchase Agreement

find out more

Convertible Promissory Note Purchase Agreement

find out more

Boat Sales Agreement

find out more

Rental Purchase Agreement

find out more

Shop Sale Agreement

find out more

Real Estate Offer To Purchase

find out more

Provisional Agreement For Sale And Purchase

find out more

Residential Sales Contract

find out more

Private Sale Vehicle Purchase Agreement

find out more

Outright Purchase Agreement

find out more

Prepaid Forward Purchase Agreement

find out more

Estate Sale Contract

find out more

Shareholder Buy Sell Agreement

find out more

Sale And Purchase Deed

find out more

Preferred Stock Purchase Agreement

find out more

Pre Purchase Agreement

find out more

Purchase Of Service Contract

find out more

Letter Of Intent For Coal Purchase

find out more

Contract Of Sale Of Motor Vehicle

find out more

Term Sheet For Sale Of Business

find out more

Vessel Purchase Agreement

find out more

Simple Asset Purchase Agreement

find out more

Preliminary Agreement For Sale And Purchase

find out more

Personal Property Sales Contract

find out more

Goodwill Purchase Agreement

find out more

Future Purchase Agreement

find out more

Entity Purchase Agreement

find out more

Mortgage Purchase Agreement

find out more

Aircraft Purchase Letter Of Intent

find out more

Vendor Purchase Agreement

find out more

Stock Subscription Agreement

find out more

Security Purchase Agreement

find out more

Retail Purchase Agreement

find out more

Hardware Purchase Agreement

find out more

Furniture Purchase Agreement

find out more

Direct Purchase Agreement

find out more

As Is Purchase Agreement

find out more

Volume Purchase Agreement

find out more

Software Purchase Agreement

find out more

Simple Sales Agreement

find out more

Simple Real Estate Sales Contract

find out more

Patent Purchase Agreement

find out more

Material Purchase Agreement

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: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’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; ³Ò±ð²Ô¾±±ð’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 for more details and real-time security updates.