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Unit Purchase Agreement Template for Singapore

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Key Requirements PROMPT example:

Unit Purchase Agreement

"Need a Unit Purchase Agreement for the sale of a commercial office unit in Singapore CBD, with a purchase price of SGD 2.5M and completion date set for March 15, 2025, including special provisions for existing tenant arrangements."

Document background
The Unit Purchase Agreement serves as the primary legal instrument for unit acquisitions in Singapore, whether for residential, commercial, or industrial properties. This document is essential when transferring ownership of a specific unit from seller to buyer, incorporating all necessary terms, conditions, and obligations under Singapore law. The agreement typically includes unit specifications, payment schedules, completion requirements, and warranties, while ensuring compliance with local property regulations and the Housing Developers Act where applicable.
Suggested Sections

1. Parties: Identification and details of the contracting parties

2. Background: Context and purpose of the agreement

3. Definitions: Key terms used throughout the agreement

4. Sale and Purchase: Core terms of the transaction

5. Purchase Price: Price and payment terms

6. Completion: Closing process and requirements

7. Representations and Warranties: Statements of fact and assurances by parties

8. General Provisions: Standard contract clauses including governing law

Optional Sections

1. Conditions Precedent: Prerequisites to completion - used for complex transactions with multiple dependencies

2. Financing: Terms related to external financing - used when purchase involves external funding

3. Due Diligence: Investigation and verification process - used for significant purchases requiring detailed verification

Suggested Schedules

1. Unit Description: Detailed specifications of the unit being purchased

2. Payment Schedule: Breakdown of payment installments and timing

3. Title Documents: Relevant ownership and title documentation

4. Property Plans: Floor plans and technical drawings

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 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 (SOGA): Primary legislation governing contracts relating to the sale of goods in Singapore, defining fundamental rights and obligations of buyers and sellers

Civil Law Act: Core legislation governing contract law principles and formation in Singapore's legal system

Misrepresentation Act: Legislation dealing with false statements made during contract formation and remedies available to affected parties

Housing Developers (Control and Licensing) Act: Regulates housing developers and prescribes mandatory terms for property sale and purchase agreements in Singapore

Building Control Act: Governs construction standards, safety requirements, and building specifications for properties in Singapore

Planning Act: Controls land use and development through zoning requirements and land use restrictions in Singapore

Consumer Protection (Fair Trading) Act: Protects consumer rights in transactions and ensures fair trading practices when dealing with consumer buyers

Goods and Services Tax Act: Governs the taxation implications of purchase transactions in Singapore

Stamp Duties Act: Regulates stamp duty obligations and requirements for property transactions in Singapore

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

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

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