Contract Act (Cap. 53): Primary legislation governing contract formation, validity, and enforcement in Singapore. Includes fundamental principles of offer, acceptance, consideration, and contractual obligations.
Electronic Transactions Act: Provides legal framework for electronic signatures and digital contracts, relevant if the LOI will be executed electronically.
Evidence Act (Cap. 97): Governs the admissibility of evidence in legal proceedings, including documentary evidence such as contracts and LOIs.
Specific Relief Act (Cap. 321): Provides remedies and enforcement mechanisms for contractual obligations, including specific performance and injunctive relief.
Competition Act (Cap. 50B): Ensures compliance with competition law, particularly relevant if the LOI involves market-sensitive arrangements or potential anti-competitive elements.
Companies Act (Cap. 50): Governs corporate capacity and authority to enter into contracts, including requirements for board approval and corporate representation.
UNCITRAL CISG: United Nations Convention on Contracts for International Sale of Goods - applicable if the LOI involves international sale of goods.
Common Law Principles: Singapore's legal system incorporates English common law principles, which supplement statutory law in contract interpretation and enforcement.
Industry-Specific Regulations: Depending on the subject matter of the LOI, specific industry regulations and regulatory approvals may need to be considered.
Private International Law: Principles governing cross-border contractual relationships, including choice of law and jurisdiction clauses if international elements are present.
