Contract Act 1872 (Chapter 53): Primary legislation governing contract formation, validity, and enforcement in Singapore. Essential for ensuring the introduction fee agreement meets basic contract law requirements.
Civil Law Act (Chapter 43): Regulates agency relationships and intermediary services, which is crucial for introduction fee arrangements and defining the scope of intermediary obligations.
Payment Services Act 2019: Relevant if the introduction services involve financial services or payment systems, ensuring compliance with payment service regulations.
Employment Agencies Act (Chapter 92): Crucial if the introduction fee agreement relates to job placement or recruitment services, including licensing requirements and operational regulations.
Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act: Anti-money laundering legislation relevant for financial introductions and large transactions, ensuring compliance with due diligence requirements.
Personal Data Protection Act 2012: Governs the collection, use, and disclosure of personal data in Singapore, essential for handling client information in introduction services.
Consumer Protection (Fair Trading) Act: Protects consumer interests and ensures fair trading practices, particularly relevant if the introduction services are consumer-facing.
Securities and Futures Act: Applicable if the introduction services involve securities, financial products, or investment opportunities.
Income Tax Act: Governs taxation of introduction fees and ensures proper tax treatment of payments made under the agreement.
Limitation Act: Sets time limits for bringing legal claims, important for defining dispute resolution timeframes in the agreement.
