Document background
The Memorandum Of Contract Of Sale is a crucial document in Singapore's commercial and property transactions. It provides a concise record of the sale agreement's key terms, ensuring legal clarity and protection for all parties involved. This document is particularly important for compliance with Singapore's registration requirements and serves as evidence for stamp duty purposes. The memorandum typically includes details of the parties, property or goods description, purchase price, payment terms, and completion arrangements. It's commonly used in situations where parties need a formal record of their sale agreement without the full detail of a complete sale and purchase agreement.
