Amarjit Sidhu Law Corporation Singapore

  Contracts form the backbone of business and personal transactions in Singapore. Whether you are a business owner, an employee, or an individual engaging in an agreement, understanding the legal implications of contracts is crucial. This article provides essential legal advice on contracts in Singapore, covering fundamental principles, best practices, and common pitfalls to avoid. Understanding the Basics of Contract Law in Singapore A Legal advice for contract Singapore is a legally binding agreement between two or more parties. In Singapore, contract law is primarily governed by common law principles and statutes such as the Contracts Act and the Electronic Transactions Act . For a contract to be legally enforceable, it must meet the following requirements: 1. Offer and Acceptance One party must make a clear and definite offer, which the other party must accept unequivocally. The agreement must be mutual, meaning that all involved parties agree to the same terms without am...

  Contracts are an essential part of doing business in Singapore. Whether you are a business owner, freelancer, or consumer, understanding contracts can help protect your rights and prevent legal disputes. This guide will explain contract laws in Singapore in the simplest way possible by Legal advice for contract Singapore . What is a Contract? A contract is a legally binding agreement between two or more parties. It can be in writing, verbal, or even implied by actions. However, written contracts are preferred as they provide clear proof of the agreement. Essential Elements of a Contract For a contract to be legally valid in Singapore, it must have the following elements: Offer – One party proposes specific terms to the other. Acceptance – The other party agrees to the offer without changes. Consideration – Something of value is exchanged (e.g., money, goods, services). Intention to Create Legal Relations – Both parties must intend for the contract to be legally enforceable....