Company: OTSA
Filing Date: 2025-06-09
Form Type: F-1
Source: 0001213900-25-052720
Chunk: 205

Company: OTSAW Ltd
Filing Date: 2025-06-09
Form: F-1
Chunk 205
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 of a consumer if the supplier knows or ought reasonably to know that the consumer is not in a position to protect his or her own interests or is not reasonably able to understand the character, nature, language or effect of the transaction or any matter related to the transaction, or (iv) making various forms of misrepresentations to the consumer. A consumer who has entered into a transaction involving an unfair practice may bring an action against the supplier. The right to bring an action does not apply where the remedy or relief sought exceeds S$30,000 (approximately US$21,362) and is subject to a limitation period of 2 years after (i) the date of the occurrence of the last material event on which the action is based or (ii) the earliest date on which the consumer had knowledge that the supplier had engaged in the unfair practice, whichever occurs later. The CPFTA provides further protection to consumers for goods which do not conform to the applicable contract at any time within the period of 6 months from the date on which the goods were delivered, which is regarded as not having conformed to the applicable contract at the time of delivery. Accordingly, this is a breach of an express term of the contract and the implied 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