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Browse our 3 legal articles about Contract in Singapore written by expert lawyers.
Contract law in Singapore is a fundamental aspect of the legal system, governing the formation, execution, and enforcement of agreements between parties. It is primarily guided by the Contracts Act and the Sale of Goods Act, alongside various case laws. Singapore's legal framework is based on English common law, making its contract law principles clear and predictable. The legal system places a strong emphasis on the freedom of contract, allowing parties to freely establish the terms of their agreements, provided they do not contravene any statutory provisions or public policies.
Several situations may necessitate seeking legal assistance in contract matters:
Key aspects of contract law in Singapore include:
A breach occurs when one party fails to perform their contractual obligations without lawful excuse, warranted a remedy to the injured party.
While verbal contracts can be valid, proving the terms and existence of such agreements can be challenging without written documentation.
Yes, consideration is a core element of a contract in Singapore, where each party provides something of value in exchange for the agreement.
Specific performance is a court-ordered remedy that compels a party to perform their contractual obligations, typically applied when damages are inadequate.
Contracts can be terminated by mutual consent, performance of obligations, or by invoking termination clauses specified in the contract.
A contract is considered frustrated if an unforeseen event renders contractual obligations impossible to perform, thus discharging the parties from fulfilling the contract.
Penalty clauses are generally unenforceable under Singapore law; however, genuine pre-estimate of losses, known as liquidated damages, are permissible.
The duration depends on the terms set within the contract; however, parties can include provisions for renewal or extension.
A void contract is invalid from inception, while a voidable contract is initially valid but can be annulled at the discretion of one party.
Yes, terms can be amended if all parties mutually agree to the changes, typically documented in a written amendment.
For further information and assistance, consider reaching out to the following resources:
If you find yourself in need of legal assistance concerning contract law in Singapore, consider these steps:
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Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation.
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