Singapore Contract Law: Common law principles governing formation, execution, and termination of contracts in Singapore
Contracts (Rights of Third Parties) Act 2001: Legislation governing how third parties may enforce terms of a contract, relevant for ensuring no third party rights are affected by the cancellation
Electronic Transactions Act 2010: Legislation governing electronic execution of contracts and digital signatures if the agreement will be executed electronically
Sale of Goods Act: Legislation governing contracts for the sale of goods, relevant if the original contract involves sale of goods
Supply of Goods Act: Legislation governing the supply of goods and related contracts
Unfair Contract Terms Act: Legislation controlling the use of unfair terms in contracts, ensuring the cancellation terms are fair and reasonable
Consumer Protection (Fair Trading) Act: Legislation protecting consumer rights in contracts, relevant if one party is a consumer
Limitation Act 1959: Statute governing time limits for bringing legal claims, relevant for any claims arising from the cancellation
Stamp Duties Act: Legislation governing stamp duty implications if the original agreement was stamped
Companies Act: Legislation governing corporate entities, relevant for ensuring proper authority for execution if any party is a company
Mutual Consent Principle: Legal principle requiring clear agreement from all parties to cancel the contract
Consideration Doctrine: Legal principle regarding the exchange of value between parties in contract formation and termination
Capacity Principle: Legal principle ensuring all parties have legal capacity to enter into the cancellation agreement
Release of Obligations: Legal principle governing the discharge of contractual obligations tHRough mutual cancellation
Settlement of Claims: Legal principle governing the resolution and release of existing claims between parties
