Reading Time: 7 minutesAvid shoppers will recognise the wonderful shopping bargains on Black Fridays, Cyber Mondays, 11.11 Singles Day and sales on 12.12. From e-retailers like Redmart to online marketplaces like Carousell, the convenience of the internet has indeed made it much easier for us to indulge in our occasional need for retail therapy. Online communication methods such […]
Employment Claims Tribunals to hear wrongful dismissal and salary-related claims from April 2019
Reading Time: 6 minutesThe story In 60 Seconds Proposed amendments to the Employment Act (“EA“) include the enhancement of the existing employment dispute resolution framework. This includes empowering the Employment Claims Tribunal (“ECT“) to adjudicate wrongful dismissal claims, in addition to salary-related disputes, with effect from 1 April 2019. Read with other tabled changes to the EA, the […]
Governing Law & Contracts: Why You Should Never Forget It!
Reading Time: 4 minutesContractual disputes can flare up at any time Contracts are everywhere in our lives – from employment contracts to taking out a bank loan – we consent to the terms and conditions of the agreements we sign, and we are bound to honour each agreement to the best of our abilities. But occasionally, there will […]
Void or Voidable Contracts: What’s The Difference?
Reading Time: 7 minutesIn some circumstances, a contract can be nullified. In general, for a contract to be considered legally binding, it should fulfil four key characteristics: A clear agreement between all the relevant parties on what is offered, and a clear acceptance of the offer; Consideration – i.e. something of value that is given in exchange for […]
What constitutes acceptance of a contract?
Reading Time: 5 minutesAn agreement isn’t valid until someone else agrees to it! A contract is needed to enforce the terms of an agreement between two or more parties, and to compel the other party to uphold their end of the bargain. In general, for a contract to be considered legally binding, four key elements should be present: […]
A better way to get legal documentation for your startup
Reading Time: 5 minutesEven one lawsuit can devastate the prospects of a startup “Fail Fast, Fail Often” is a popular mantra among entrepreneurs that is only half-true when it comes to the legal mistakes that startups make. Getting into legal trouble often results in the sudden dissolution or a slow death of a dream business as the startup’s […]
Planning to start a business or startup? Your Legal Questions Answered
Reading Time: 13 minutesSo you have a unique and innovative business idea that you’d like to fully invest your time and energy in. But before realizing your entrepreneurship dreams, there’s still the legal aspects to take care of such as incorporating and preparing the legal documentation for your business. To help aspiring entrepreneurs, Samuel Ng (Director, BlackOak LLC) […]
Banks need to adhere to Etridge Duties when dealing with vulnerable guarantors
Reading Time: 4 minutesThe Article in 60 Seconds Vulnerable guarantors include spouses or family members who could be emotionally influenced by a creditor Banks need to adhere to the Etridge Duties or risk voiding the guarantee (see Sudha Natrajan v The Bank of East Asia Ltd [2016] SGCA 66) A checklist of 5 important steps in discharging Etridge […]
Pro bono: Singapore lawyer Samuel Ng gives practical legal tips for startups
Reading Time: 8 minutesThis article was originally published in e27, one of our partners for our December series of Facebook Live Q&A focused on Startups. You can read the original article HERE. Let’s talk about Founder’s agreements — what do we need to know? A Founder’s agreement is the document that binds and governs the relationships between the […]
Contracts for Startups — Ying from Via Law shares her experience
Reading Time: 4 minutesThis week, Wang Yingyu from Taylor Vinters Via shares her experience on the value of good business contracts and offers several tips. Our Word is Our Bond Our word is our bond, but the other party may have a different recollection of what our word is. A contract may be entered into verbally. However, verbal […]
What Makes a Valid Contract?
Reading Time: 6 minutesThe Important of the Contract The proper performance of contracts is key to the economic functioning of our society. All contracts have to come to a close or, in legal terms, be “discharged.” If one or both of the parties to a contract fail to live up to their end of the bargain, the courts […]
Can Pet Owners take legal action against a deceitful Cremation Company?
Reading Time: 5 minutesExpress Pet Cremation is currently under investigation by the police for giving fake “pet remains” made up of sand and cement to pet owners. While the boss of the company has denied any wrongdoing, the investigation has definitely planted the seed of doubt amongst previous and current customers. Owners should first establish evidence of wrongdoing […]