Document background
The Offer To Purchase Letter is a crucial document in Singapore's business and property transactions, serving as the initial formal step in the acquisition process. This document is typically used when a potential buyer has identified an asset or property they wish to purchase and wants to formalize their interest and proposed terms. The letter outlines key elements such as purchase price, payment structure, due diligence requirements, and any conditions precedent. Under Singapore law, while not binding for the entire transaction, certain elements of the Offer To Purchase Letter may create legal obligations once accepted. The document is particularly important in real estate transactions but is also widely used in business asset purchases and corporate acquisitions.
