Civil Law Act (Cap. 43): Primary legislation governing contract law in Singapore, incorporating Common Law principles and providing the fundamental framework for contract formation, enforcement, and remedies
Limitation Act (Cap. 163): Establishes statutory time limits for bringing claims, crucial for structuring release provisions and addressing future claims in the rescission agreement
Unfair Contract Terms Act (Cap. 396): Regulates unfair terms in contracts, ensuring release terms are not unconscionable and that exclusion clauses meet reasonableness requirements
Misrepresentation Act (Cap. 390): Governs false statements and representations made during contract formation, relevant for warranties and representations in the mutual rescission agreement
Civil Law (Amendment) Act 2012: Addresses third-party rights in contracts, particularly important for release provisions that may affect parties not directly involved in the rescission
Personal Data Protection Act 2012: Regulates the collection, use, and disclosure of personal data, must be considered if the rescission agreement involves handling of personal information
Doctrine of Consideration: Legal principle requiring that each party must provide some value or consideration for the agreement to be binding
Valid Release Requirements: Legal principles governing the requirements for a valid release, including clear intention, proper scope, and effective discharge of obligations
Mutual Consent Doctrine: Fundamental principle requiring clear and unambiguous agreement from all parties to terminate the original contract and release each other from obligations
Severability Principle: Legal concept ensuring that if one part of the agreement is found invalid, other parts can remain enforceable if they are independent and complete
