Offer and acceptance — one of the fundamental requirements of a contract is the presence of a clear offer and an unambiguous acceptance of that offer.
This means that both parties involved must clearly communicate their intentions and reach an agreement on the terms of the contract.Sep 25, 2023.
In Singapore, contracts are generally governed by the Civil Law Act, which is part of the country's statute books.
A contract is a legally binding agreement between two or more parties.
It creates an obligation to either perform a specific action or refrain from doing so, in exchange for something of value.Aug 11, 2023.
UCTA, also known as the Unfair Contract Terms Act, is a critical piece of legislation in Singapore that aims to protect businesses against unfair contract terms.
This act applies to various business transactions, including purchase orders, supply agreements, and service contracts..
In Singapore, this common law rule and its main exceptions are codified in s 93 and s 94 of the Evidence Act (Cap 97, 1997 Rev Ed).
Section 93 provides that where ‘the terms of a contract…have been reduced …to the form of a document…, no evidence shall be given in proof of the terms of such contract …except the document itself’.
8.2.1 A contract is essentially an agreement between two or more parties, the terms of which affect their respective rights and obligations which are enforceable at law.
Whether the parties have reached agreement, or a meeting of the minds, is objectively ascertained from the facts.
In Singapore, the Unfair Contract Terms Act (UCTA), which is based on a similar statute in England, places a reasonableness limit on such clauses.
When deciding what is reasonable, the courts look to the relative bargaining positions of the parties and whether there was an inducement to agree to the clause.
8.1.1 Contract law in Singapore is largely based on the common law of contract in England.
Hence, the rules developed in the Singapore courts do bear a very close resemblance to those developed under English common law.
