Sale of Goods Act (SOGA): Primary legislation governing contracts relating to the sale of goods in Singapore. Defines fundamental rights and obligations of buyers and sellers, including provisions on title, quality, and delivery requirements.
Contracts Act (Chapter 53): Core legislation governing contract formation and enforcement in Singapore, including requirements for valid contracts such as offer, acceptance, consideration, and intention to create legal relations.
Consumer Protection (Fair Trading) Act: Legislation protecting consumer rights in Singapore, covering unfair practices and providing consumer remedies. Relevant if one party is a consumer in the reverse purchase agreement.
Electronic Transactions Act: Governs the legal validity and use of electronic transactions and digital signatures in Singapore contracts. Important for agreements executed electronically.
Goods and Services Tax Act: Regulates tax implications of reverse purchase transactions in Singapore, including GST obligations and requirements.
Personal Data Protection Act (PDPA): Governs the collection, use, and disclosure of personal data in Singapore. Relevant if the agreement involves processing of personal information.
MAS Regulations: Monetary Authority of Singapore regulations applicable to financial services and transactions. Relevant if the reverse purchase involves financial products or services.
Competition Act: Legislation preventing anti-competitive practices in Singapore. Relevant for ensuring the reverse purchase agreement doesn't violate competition laws.
Industry-Specific Regulations: Various sector-specific regulations that may apply depending on the nature of goods or services involved in the reverse purchase agreement.
