Company: OTSA
Filing Date: 2025-03-26
Form Type: DRS/A
Source: 0001013762-25-002776
Chunk: 190

Company: OTSAW Ltd
Filing Date: 2025-03-26
Form: DRS/A
Chunk 190
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 condition that the goods will correspond with the description provided by the supplier to the consumer or the implied condition that the goods are of satisfactory quality or fitness for the purposes for which the goods were supplied. The consumer would have the right to require the supplier to (i) repair or replace the goods, (ii) reduce the amount to be paid for the sale by an appropriate amount or (iii) rescind the contract with regard to the goods in question. The Consumer Protection (Trade Descriptions and Safety Requirements) Act 1975 of Singapore (“CP(TDSR )”) prohibits misdescription of goods supplied in the course of trade. The definition of “trade descriptions” include any description, statement or indication which directly or indirectly relates to the (i) method of manufacture, production, processing or reconditioning of any goods and (ii) fitness for purpose, strength, performance, behavior or accuracy of any goods. This prohibition applies to all persons in the course of business and would be applicable to the facility management and/or artificial intelligence technology trade. Violations of the CP(TDSR) may be subject to criminal liability, such as imprisonment for up to 2 years and/or fines of up to SGD 10,000 (approximately US$7,118). Regulations on Intellectual Property Rights Designs The Intellectual Property Office of Singapore administers the intellectual property legislative framework in Singapore, which includes designs, trademarks and patents. Singapore is a member of the main international conventions regulating intellectual property matters, and the WTO’s Agreement on Trade Related Aspects of Intellectual Property Rights. The Registered Designs Act 2000 of Singapore confers protection on registrable designs in Singapore, and the registered owner is granted exclusive rights to the external appearance of the article or non -physicalproduct and has the right to control its use. There are two (2) key criteria for registration: the subject matter must be (i) a “design”, which means features of shape, configuration, colors, pattern or ornament applied to any article or non -physicalproduct that gives that article or non -physicalproduct its appearance, and (ii) “new”, being a design that is not the same as a design that has been registered or published in Singapore or elsewhere. An infringement of a registered design may give rise to civil liabilities. Registered designs will last for an initial period of 5 years and may be renewed for a second and third period of 5 years, subject to application for an extension and the payment of extension fees. 120 Trade Marks The Trade Marks Act 1998 of