Document background
The Unconditional Sale And Purchase Agreement is a fundamental commercial document used in Singapore for straightforward transfer of ownership transactions. Unlike conditional agreements, it enables immediate completion without prerequisite conditions. This document is particularly suitable when parties wish to proceed with a sale without contingencies, typically used for straightforward asset transfers, property sales, or goods purchases. The agreement complies with Singapore's legal framework, including the Sale of Goods Act and Civil Law Act, and includes essential elements such as clear identification of parties, precise description of assets, payment terms, delivery arrangements, and warranties.
