Overview An indemnity is a contract between two parties that specifies a type of insurance payout for potential damages or losses. In an indemnity agreement, one party agrees to pay monetary compensation for any prospective losses or damages caused by the other party, as well as to accept legal responsibility for those damages. What is…
Non-Disclosure Agreements In Singapore: A Complete Guide
Overview Non-Disclosure Agreements (NDAs) are an important legal framework used to protect sensitive information or ideas. They are used commonly by startups or companies who wish to protect their information or ideas from prying eyes. What is a Non-Disclosure Agreement? NDAs are a legally binding contract between 2 parties of concern – the owner of…
Memorandum of Appearance in Singapore: What You Need To Know
Overview A Memorandum of Appearance is a legal document procured in response to an issued Writ of Summons. The person being sued (defendant) can file for a Memorandum of Appearance for Court proceedings. What is a Memorandum of Appearance? A Memorandum of Appearance is a legal document used in civil litigation cases if the defendant…
Non-Compete Clause Singapore: A Legal Standpoint
What Is A Non-Compete Clause It is a clause that appears in the employment contract drawn between the employer and employee. Purpose of Non-Compete Clause The clause prevents employees from seeking employment in another organisation or engaging in any kind of business in certain markets and geographical locations during a period of time. Its main…
Statutory Declaration Singapore: What You Need To Know
What is a Statutory Declaration? In Singapore, a statutory declaration is a formal statement made under the Oaths and Declaration Act. It is a declaration of something to be true, made voluntarily about any matter or to fulfil a legal requirement or regulation. A statutory declaration is used as a factual statement while interacting with…
Employment Agreements In Singapore: What You Need To Know
Overview Employment agreements are necessary to keep the relationship between an employer and employee in check and to lay out possible dispute resolution options. Without a well-drafted employment agreement, businesses and employees alike may find themselves embroiled in frequent employment disputes. In order for employment agreements to be enforceable, both parties must enter into the…
Injunctions In Singapore: Understanding The Law
Overview Injunctions are legal instruments in the form of a court order that compels a party to do or refrain from specific acts. A prohibitory injunction is an order forbidding a party from performing an act; a mandatory injunction is an order to perform an act. An injunction may be temporary, such as an interim…
Power Of Attorney In Singapore: What You Need To Know
What is a Power of Attorney (POA)? A Power of Attorney (POA) is a legal instrument that allows a person (‘donor’) to appoint one or more persons (‘donee(s)’) to manage his affairs on his behalf. A POA document lays out the powers conferred onto the donee, as well as any limitations on this power. A…
Writ Of Seizure and Sale: A Law Firm’s Guide
Writ Of Seizure and Sale: A Law Firm’s Guide Upon receiving a favourable court judgment, the Judgment Creditor can take enforcement action against the Judgement Debtor if he has not complied with the court judgment. Generally in civil cases, when the Judgement Debtor fails to comply with the court judgement, a Writ of Seizure and…
What is the CAD
The Commercial Affairs Department (CAD) is a highly specialised and competent elite unit of the Singapore Police Force that reports to the Ministry of Home Affairs. It is the principal white-collar crime investigation agency in Singapore and is tasked with the investigation of financial and commercial crimes. The most complex financial crimes are handled by…