Civil Law Act (Cap. 43): Primary legislation governing contract law principles in Singapore, including formation, validity, and termination of contracts
Contract Law (Amendment) Act 2012: Updates to Singapore's contract law framework, incorporating modern commercial practices and legal developments
Specific Relief Act (Cap. 321): Governs remedies and relief in contract matters, including specific performance and discharge of contractual obligations
Electronic Transactions Act (Cap. 88): Regulates electronic transactions and digital signatures, relevant if the cancellation agreement will be executed electronically
Limitation Act (Cap. 163): Sets time limits for bringing legal actions, including claims related to contract termination
Consumer Protection (Fair Trading) Act: Provides additional protections if the original contract involves consumer transactions
Mutual Consent Requirement: Legal principle requiring clear agreement from all parties to terminate the existing contract
Existing Obligations Settlement: Legal requirement to address the settlement of any outstanding obligations under the original contract
Future Obligations Release: Provisions for releasing parties from future obligations under the original contract
Confidentiality Provisions: Consideration of existing confidentiality obligations and their survival post-termination
Survival Clauses: Identification of which provisions from the original agreement should survive the cancellation
Dispute Resolution: Mechanisms for resolving any disputes arising from the cancellation agreement
