Civil Law Act (Cap. 43): Primary legislation governing contract formation, validity, and enforcement in Singapore
Common Law Principles: Singapore follows English common law principles for contract interpretation and enforcement
Misrepresentation Act (Cap. 390): Governs false statements or misrepresentations made during contract formation
Sale of Goods Act (Cap. 393): Relevant for the transfer of business assets and goodwill valuation
Companies Act (Cap. 50): Regulates company transactions and corporate requirements if parties are registered companies
Business Names Registration Act 2014: Relevant for business name transfer and registration requirements
Competition Act (Cap. 50B): Ensures the transaction doesn't violate anti-competition laws
Property Law Act (Cap. 242): Governs the transfer of property rights, including intangible assets like goodwill
Trade Marks Act (Cap. 332): Relevant if goodwill involves trademark rights and their transfer
Copyright Act (Cap. 63): Applies to intellectual property aspects of goodwill transfer
Income Tax Act (Cap. 134): Governs tax implications of goodwill purchase and transfer
Goods and Services Tax Act (Cap. 117A): Determines GST obligations in goodwill transactions
Stamp Duties Act (Cap. 312): Regulates stamp duty requirements for the agreement
Personal Data Protection Act 2012: Ensures compliance with data protection requirements if personal data is involved
Electronic Transactions Act (Cap. 88): Governs electronic execution and validity of digital agreements
