by Willie Tan | Apr 12, 2024 | Glossary
A non-disclosure agreement (NDA), also known as a confidentiality agreement, is a legal contract between two or more parties that outlines confidential information that the parties wish to share for certain purposes, but wish to restrict access to or disclosure of by...
by Willie Tan | Apr 12, 2024 | Glossary
The Home Office Scheme in Singapore allows certain categories of businesses to operate from residential premises. It is administered by the Urban Redevelopment Authority (URA) and is designed to support entrepreneurship, flexibility in working arrangements, and the...
by Willie Tan | Apr 12, 2024 | Glossary
GIRO stands for “General Interbank Recurring Order.” It is a payment service commonly used in Singapore and some other countries. It allows individuals and businesses to make regular, automated payments to various service providers or organisations...
by Daryl Lum | Apr 12, 2024 | Glossary
The principle of consideration is a fundamental concept in contract law that requires each party to an agreement to offer something of value in exchange for receiving a benefit. This principle supports the idea that a contract must involve an exchange that is both...
by Daryl Lum | Apr 12, 2024 | Glossary
In Singapore, a holding company is a type of business entity whose primary purpose is to own shares in other companies, which are referred to as its subsidiaries. The holding company itself typically does not engage directly in commercial or operational activities...
by Daryl Lum | Apr 12, 2024 | Glossary
In company law, a “charge” refers to a form of security interest granted over an asset or set of assets by a company (the chargor) to a lender or creditor (the chargee) to secure repayment of a debt or performance of some other obligation. Charges are...
