Primary IP Laws: Core IP legislation including Intellectual Property Office of Singapore Act, Patents Act, Trade Marks Act, Copyright Act 2021, Registered Designs Act, Plant Varieties Protection Act, and Geographical Indications Act 2014
Contract Law Framework: Singapore Contract Law based on Common Law principles, Electronic Transactions Act, and Unfair Contract Terms Act which govern the fundamental aspects of contract formation and enforcement
Competition Law: Competition Act of Singapore - necessary to ensure IP licensing terms and option agreements don't create anti-competitive effects in the market
International Treaties: TRIPS Agreement (WTO), Singapore Treaty on the Law of Trademarks, and other international IP treaties to which Singapore is a signatory
Option Terms Definition: Essential contract elements including clear definition of optioned IP, option period, exercise terms, consideration and payment structures
Rights and Obligations: Detailed specification of parties' rights and obligations during the option period, including exercise mechanism and conditions
Warranties and Representations: Legal assurances and declarations regarding IP ownership, validity, and non-infringement
Confidentiality Provisions: Terms governing the protection and handling of confidential information disclosed during the option period
Dispute Resolution: Mechanisms for resolving disputes, typically incorporating Singapore's arbitration framework as a major dispute resolution hub
Industry Regulations: Sector-specific regulations that may apply depending on the nature of the IP (e.g., biotech, software, manufacturing)
