Civil Law Act (Cap. 43): Primary legislation governing contract law in Singapore, providing fundamental principles for contract formation, enforcement, and termination
Contracts (Rights of Third Parties) Act: Legislation governing how third parties may enforce terms of a contract or receive benefits under it
Specific Relief Act (Cap. 321): Provides legal framework for remedies and cancellation of contracts, including specific performance and injunctions
Limitation Act (Cap. 163): Sets time limits for bringing legal claims and affects the enforcement of contractual rights
Conveyancing and Law of Property Act: Relevant if the contract involves property rights or real estate interests
Evidence Act (Cap. 97): Governs the admissibility of evidence and documentary requirements in legal proceedings
Mutual Consent Requirement: Legal principle requiring all parties to agree to the release and cancellation
Consideration Principle: Legal requirement for exchange of value between parties for the release to be legally binding
Capacity of Parties: Legal principle ensuring all parties have legal capacity to enter into and terminate contracts
Clear Terms of Release: Requirement for explicit and unambiguous terms specifying the scope of release and cancellation
Waiver of Rights: Legal principle governing the voluntary relinquishment of legal rights under the contract
Surviving Obligations: Provisions that continue to exist even after contract termination
Confidentiality Provisions: Terms governing the handling of confidential information after contract termination
Dispute Resolution Mechanisms: Procedures for resolving any disputes arising from the release and cancellation
