Singapore contract law is largely based on English common law, though, in some cases, the precedent set by common law has been modified by statute. While there is no Contracts Act, the law has been codified in areas such as rights of third parties under contracts (Contracts (Rights of Third Parties) Act (Cap. 53B)), unfair contract terms (Unfair Contract Terms Act (Cap. 396)) and restitution in frustrated contracts (Frustrated Contracts Act (Cap. 115)).
The Electronic Transactions Act (Cap. 88) applies to contracts concluded online and is the primary legislation governing e-commerce in Singapore. The Electronic Transactions (Amendment) Bill was introduced in Parliament on January 4, 2021. The Amendment Bill, once passed, will include provisions regarding electronic transferable records and is an adoption of the UNCITRAL Model Law on Electronic Transferable Records.