Law of Singapore. The legal system of Singapore is based on the English common law system. Major areas of law – particularly administrative law, contract law, equity and trust law, property law and tort law – are largely judge-made, though certain aspects have now been modified to some extent by statutes. In Singapore, the law requires the Plaintiff to establish that the specific psychiatric injury was foreseeable, and that there was legal proximity between the parties. Contracts are one of the most common legal documents in both our personal and business lives. Whether you’re buying a cell phone, looking for landscaping services or starting a business, you’re going to encounter a contract. As a result, knowing something about the basics of contract law is a smart idea. For example, the law prescribes that certain types of contracts must be in writing. Variations to those contracts must also therefore be in writing. Examples include contracts for the sale of land, assignments of the benefit of a contract, guarantees and transfers of intellectual property rights. Further, the parties' original agreement may expressly provide that it can only be varied in writing (as to which, see below). 1. Introduction to Contract Law Contract law is fascinating as most people will have unknowingly formed a legally binding contract at some point in their life. This guide will take you on a journey through a contract, giving comprehensive explanations and guidance on each part of contract law. It is important that each section is learned, as
(2014) 15 SAL Ann Rev Contract Law 219 Industry Software v Lion Global Offshore Pte Ltd [2014] SGHC 251 (“Siemens Industry Software”). This was an appeal by the defendant, Lion Global Offshore Pte Ltd, against the assistant registrar’s decision to enter summary judgment in favour of the plaintiff, Siemens Industry Basic Principles of the Law of Contract: The law of contract states that the first step required to form a valid contract is that an offer must be formally made by one of the parties to another. A common example to elucidate upon this principle is found in the sale of property; the purchaser, in this example, must make an offer to purchase the underlying property.
The law provides an innocent party with four remedies for breach of contract: The principal remedy for breach of contract is monetary compensation, also known as damages in legal parlance. A breach of contract may entitle the innocent party to terminate the contract. Understanding contract law is vital in business and will help you safeguard your business interests and protect your company’s rights at all times. Learn how and when a contract is formed, appreciate the different terms in a contract, find out the various vitiating factors that can rescind a contract and ways to discharge a contract, and remedies available to an innocent party in the event of a breach of contract? Real life examples and case scenarios will give you an opportunity to apply (2014) 15 SAL Ann Rev Contract Law 219 Industry Software v Lion Global Offshore Pte Ltd [2014] SGHC 251 (“Siemens Industry Software”). This was an appeal by the defendant, Lion Global Offshore Pte Ltd, against the assistant registrar’s decision to enter summary judgment in favour of the plaintiff, Siemens Industry Basic Principles of the Law of Contract: The law of contract states that the first step required to form a valid contract is that an offer must be formally made by one of the parties to another. A common example to elucidate upon this principle is found in the sale of property; the purchaser, in this example, must make an offer to purchase the underlying property.
Understanding contract law is vital in business and will help you safeguard your business interests and protect your company’s rights at all times. Learn how and when a contract is formed, appreciate the different terms in a contract, find out the various vitiating factors that can rescind a contract and ways to discharge a contract, and remedies available to an innocent party in the event of a breach of contract? Real life examples and case scenarios will give you an opportunity to apply
Law of Singapore. The legal system of Singapore is based on the English common law system. Major areas of law – particularly administrative law, contract law, equity and trust law, property law and tort law – are largely judge-made, though certain aspects have now been modified to some extent by statutes. In Singapore, the law requires the Plaintiff to establish that the specific psychiatric injury was foreseeable, and that there was legal proximity between the parties.