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 3rd parties under contracts (Contracts (Rights of Third Parties) Act 2001), unfair contract terms (Unfair Contract Terms Act 1977) and restitution in frustrated contracts (Frustrated Contracts Act 1959).
The Electronic Transactions Act 2010 applies to contracts concluded online and is the primary legislation governing e-commerce in Singapore. The Electronic Transactions (Amendment) Act 2021, which came into force on March 19, 2021, adopts the UNCITRAL Model Law on Electronic Transferable Records with modifications, and expands the scope of applicability of the Electronic Transactions Act to cover transferable documents or instruments such as bills of lading.