Contracts with Minors Singapore

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Contracts with Minors in Singapore

In Singapore, minors are persons who are below the age of 18 years old. While minors are generally not allowed to enter into contracts, there are some instances where they can.

What are contracts?

Contracts are legally binding agreements between two or more parties. Contracts can be oral or written, express or implied. They may be simple, such as buying a candy bar from a convenience store, or complex, such as a multi-million dollar construction project.

When can minors enter into contracts?

Minors are generally considered to lack the capacity to enter into contracts because they are not yet mature enough to fully understand the consequences of their actions. However, there are certain situations where minors may be allowed to enter into contracts.

1. Contracts for necessities

Minors may enter into contracts for necessities, such as food, clothing, shelter, medical care, and education. These contracts are binding on the minor as long as they are reasonable and necessary for the minor`s well-being.

2. Contracts with the consent of a parent or guardian

Minors may enter into contracts with the consent of a parent or guardian. The parent or guardian must sign the contract on behalf of the minor and will be held responsible for any obligations under the contract. This is often seen in the case of child actors and models who enter into contracts with production companies.

3. Contracts that are beneficial to the minor

Minors may enter into contracts that are beneficial to them, such as contracts for employment or contracts for the purchase of assets that appreciate in value. These contracts are binding on the minor as long as they are not detrimental to the minor`s interests.

What are the consequences of entering into a contract as a minor?

If a minor enters into a contract that they are not allowed to, the contract is considered voidable. This means that the minor can choose to either enforce the contract or void it. However, if the minor chooses to void the contract, they must return any consideration they received under the contract.

In conclusion, while minors are generally not allowed to enter into contracts, there are certain situations where they may be allowed to. It is important to seek legal advice if you are unsure whether a contract with a minor is enforceable.