Subject to contract – House for sale in Singapore
Agreement endorsed/ marked with the words “subject to contract” does not give rise to a binding contract until a final agreement is entered into. Any document endorsed/ marked with the words “subject to contract” denote that the document is not an offer or acceptance, and that negotiations are still ongoing. House for sale in Singapore.
Generally, the use of this phrase prevents the document in which it is contained from being evidence of a concluded bargain. There may be a binding contract, however, if the court can conclude that all the terms of a bargain have been agreed and set down in writing and signed. The emphasis of the court is on the substance of the document, rather than the form.
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