Sale of Goods Act (SOGA): Primary legislation governing the sale of goods in Singapore, defining rights and obligations of buyers and sellers
Contract Law (Common Law): Fundamental principles of contract formation, enforcement, and remedies based on Singapore's Common Law system
Electronic Transactions Act: Legislation governing electronic contracts and signatures, relevant if the LOI will be executed electronically
Competition Act: Ensures fair competition and prohibits anti-competitive practices in business agreements
UN Convention on Contracts (CISG): International framework for cross-border sale of goods, applicable as Singapore is a signatory
INCOTERMS: International Commercial Terms defining responsibilities and risks in international trade transactions
Consumer Protection (Fair Trading) Act: Protects consumer interests and ensures fair trading practices when dealing with consumer goods
GST Act: Governs Goods and Services Tax implications in Singapore business transactions
Customs Regulations: Rules governing import/export of goods, including duties and compliance requirements
Unfair Contract Terms Act: Regulates unfair terms in contracts and protects against unreasonable contract provisions
Limitation Act: Sets time limits for bringing legal claims related to contract disputes
Personal Data Protection Act: Governs the collection, use, and disclosure of personal data in business transactions
Rules of Agency: Legal principles governing relationships between principals and agents in business transactions
