Companies Act (Cap. 50): Primary legislation governing corporate entities in Singapore, regulating share transfers and company ownership changes. Essential for structuring the ownership transfer aspects of the buy-sell agreement.
Sale of Goods Act (Cap. 393): Regulates contracts for sale of goods, defining rights and obligations of buyers and sellers, including warranties and conditions in sales transactions.
Contract Law (Application of Laws Act): Based on English common law principles, governing contract formation and enforcement, including essential elements like offer, acceptance, and consideration.
Competition Act (Cap. 50B): Ensures business transactions don't create monopolistic situations and maintains fair market competition considerations.
Income Tax Act (Cap. 134): Covers tax implications of business transfer, including capital gains considerations and stamp duty requirements.
Employment Act (Cap. 91): Protects employee rights during business transfer, covering transfer of employment contracts and employee benefits obligations.
Personal Data Protection Act 2012: Regulates handling and transfer of customer and employee personal data, ensuring compliance with data protection obligations.
Goods and Services Tax Act: Addresses GST implications of the sale and requirements for transfer of GST registration if applicable.
Business Registration Act: Sets requirements for business transfer registration and handling of licensing and permit transfers.
Intellectual Property Laws: Encompasses Trade Marks Act, Patents Act, and Copyright Act for protection and transfer of intellectual property rights.
