Singapore Contract Law: Common law principles governing contract formation, enforcement, and interpretation, including the Contracts Act (Cap. 53). Covers fundamental elements like consideration, clarity, and intention to create legal relations.
Competition Act (Cap. 50B): Singapore's primary competition legislation that ensures non-compete restrictions are not anti-competitive. Must comply with Competition and Consumer Commission of Singapore (CCCS) guidelines.
Employment Act (Cap. 91): Relevant when shareholders are also employees. Ensures non-compete restrictions are reasonable and protect legitimate business interests in the employment context.
Companies Act (Cap. 50): Primary legislation governing company operations in Singapore, including provisions relating to shareholders' rights, obligations, and corporate governance requirements.
Reasonableness Doctrine: Legal principle requiring restrictions to be reasonable in terms of geographic scope, duration, and scope of restricted activities. Must be no wider than necessary to protect legitimate business interests.
Enforceability Requirements: Legal principles governing the enforceability of non-compete clauses, including clear language, reasonable scope, protection of legitimate business interests, and compliance with public policy.
Remedies Framework: Legal framework for enforcement and remedies available for breach of non-compete clauses, including injunctive relief, damages, and specific performance.
