What Is the Legal Age to Sign a Contract in Singapore
In Singapore, the legal age to sign a contract is 21 years old.
This means that anyone under the age of 21 is considered a minor and cannot enter into a legally binding agreement without parental or guardian consent.
This law is in place to protect young people from making decisions that may have long-term financial or legal consequences. It also ensures that they have the necessary maturity and understanding to enter into such agreements.
If a minor does enter into a contract without proper consent, it may be voidable. This means that the minor or their legal representative may be able to cancel the contract without penalty.
It is important to note that this law applies to most contracts, including employment contracts, housing rental agreements, and credit agreements.
However, there are certain exceptions where minors are allowed to enter into contracts without parental or guardian consent. For example, minors can enter into contracts for necessary goods and services, such as food, clothing, and medical care.
Overall, it is important for young people to understand the legal age for signing a contract in Singapore and to seek the proper guidance and consent before entering into any agreements. By doing so, they can protect themselves from potential legal and financial problems in the future.