Had a class on Law of Contract today and found out how to have a legal contract. One of the main criteria is that the parties making the contract have to be legally able to make a contract. To be legally able the person has to be a major - ie over 21 in Singapore and also mentally sound (these being the basic criteria). It just hit me at that point that last year when my friends and I signed a tenancy agreement for our appartment none of us were 21 (especially me since I was the legal signatory). We asked our lecturer about it and he said that yes we could have breached any part of the agreement and we wouldn't have been held liable for it as the contract (tenancy agreement) becomes void. Now if only we had know this at that time as we had some problems with the appartment - we could have just walked off and not be held liable to pay for damages or anything.
Hmm doing law is actually good in that sense because at this stage in my life I am coming across a lot of things that require the knowlege of law in daily life. For example Intellectual Property in my lab, tenancy agreements, loans, employment contracts etc. It is useful to know what parts of the things we sign are actually legally allowed so that we dont just sign and follow blindly.
Another part that is useful is from employment contracts. A clause which is generally found in most contracts these days is "Restraint of trade" clause- what this essentially states is that in the even of you leaving this company you cannot work with a competitor for some period of time. This clause is generally illegal hence you can contest it (whew good thing too). But sometimes if it is reasonable say if it says u cannot work with a competitor in the same town for another 3 months it might still be valid. Some employers now merge it with confidentiality clauses but still it can be contested if it is unreasonable (note - this is for Singapore - might not hold world wide)
1 day ago

