Singapore legislation
Clause 19
Clause 19
Safeguarding of contract
(1)
The provisions of section 6 of the Civil Law Ordinance (Cap. 24) shall not apply to any contract or agreement which —
purports to be a contract or agreement for the sale or purchase of rubber either for immediate or future delivery;
is in a form prescribed by the rules, by-laws or regulations made under this Act; and
is entered into by any person with or through the agency of a member.
(2)
Notwithstanding anything to the contrary contained in any written law, no contract or agreement which falls within the provisions of subsection (1) of this section shall be illegal or invalid on the grounds that the parties to such contract or agreement or any of them did not at the time of entering into such contract or agreement hold or possess any licence or permit to sell, purchase or otherwise to deal in rubber, the holding or possessing of which is required under any written law.