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Corporate Review

Arbitration

A quick guide to Alternative Dispute Resolution: Arbitration

Typically, when there is a legal dispute between parties, trial is often the last stage that parties have to undergo to achieve an outcome. However, trials are a costly and time-consuming affair. As such, there are other methods of dispute resolution available for one to take.

Restraint of Trade Clauses

Restraint of Trade Clauses In Singapore

Restraint of trade clauses are common clauses which governs various commercial relationships. It is frequently deployed in employment contracts to restrain key employees of the company from competing with the company during and after the period of employment. Restraint of trade clauses are typically in the form of non-compete or non-solicitation clauses.

Tenancy Agreements

Common Terms You Will Find In Tenancy Agreements In Singapore – What Do They Mean?

This article aims to provide an overall guide as to common terms and obligations imposed on landlords and tenants.

It ought to be noted that whilst landlords and tenants may contract as they wish, and negotiate on any term in the tenancy agreement, there are some common terms found in most tenancy agreements. These shall be explored and explained further below.

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What It Means To Breach A Contract In Singapore

A well-drafted contract can often prevent or resolve a dispute before the parties take their dispute to court. But when both parties cannot resolve their issues, and resort to litigation, it is important to understand the rules governing the breach of contract claim.

While some breaches are avoidable with detailed negotiations and well-drafted document, others are not. Poorly drafted documents and oral contracts frequently lead to disputes. It is always in your best interest to draft clear and comprehensive written contracts.

Corporate Agreements

When Can Someone Terminate A Contract?

A contract is a legal document that binds at least two parties to one another and requires them to meet certain obligations detailed in that contract. In some instances, a contract may be terminated making it void from any legal binding. Often, the contract may be prematurely terminated by parties involved.

Generally, for an aggrieved person to have a right to terminate a contract, the offending party must have breached a term of the contract that is considered a condition as opposed to a warranty.

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Legal Advice Can Save You Money And Your Business

For Singapore businesses, engaging a lawyer is always a good idea especially if a matter involves a substantial amount of money or involves substantial risks.

For example, if you are about to enter into a large contract it may cost you far less to engage a lawyer to draft/review the agreement and advise you than failing to do so. Sadly, a lot of people that we come across, have ended up getting caught in a bad deal.

One example is when a business contract is no longer valid.

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