Contract Law (Chapter 2): Primary legislation governing contract formation, validity, and enforcement in Singapore, including essential elements of offer, acceptance, and consideration
Electronic Transactions Act (Chapter 88): Regulates electronic transactions and digital signatures, particularly relevant for electronic payment arrangements and documentation
Unfair Contract Terms Act (Chapter 396): Controls the use of unfair terms in contracts, ensuring fairness and reasonableness in contractual obligations
Currency Act (Chapter 69): Governs the use of currency and legal tender in Singapore, crucial for specifying payment terms and currency requirements
Payment Services Act 2019: Regulates payment systems and payment service providers in Singapore, ensuring compliance with payment processing requirements
Payment and Settlement Systems Act: Provides legal framework for payment settlement finality and netting arrangements in payment systems
Consumer Protection (Fair Trading) Act: Protects consumer interests in commercial transactions, applicable if one party is a consumer
Limitation Act: Sets time limits for bringing legal actions related to contract claims, including payment claims
Interest Rate Regulations: Legal requirements regarding permissible interest rates and late payment charges in payment agreements
Contract Formation Requirements: Legal requirements for valid contract formation including offer, acceptance, consideration, and intention to create legal relations
Default Provisions: Legal framework for handling payment defaults and enforcement of remedies under Singapore law
Dispute Resolution Framework: Legal mechanisms for resolving payment disputes under Singapore jurisdiction, including court proceedings and alternative dispute resolution
