(758) 468-3200
Government Saint Lucia
 
 
 
Home
/
Departments
/
Legislative Drafting
/
Revised Laws of Saint Lucia
/
INTERNATIONAL BUSINESS COMPANIES ACT
/
68.   Contracts generally

Revised Laws of Saint Lucia (2022)

saint Lucia
back arrow Back to Revised Laws of Saint Lucia (2022)
back arrow Back to Table of Contents

68.   Contracts generally

  1.  

    (1)   Contracts may be entered into on behalf of an international business company as follows—

    1.  

      (a)     a contract that, if entered into between parties, is required by law to be in writing and under seal, may be entered into by or on behalf of the international business company in writing under the common seal of the international business company, and may, in the same manner, be varied or discharged;

    1.  

      (b)     a contract that, if entered into between parties, is required by law to be in writing and signed by the parties, may be entered into by or on behalf of the international business company in writing and signed by a person acting under the express or implied authority of the international business company, and may, in the same manner, be varied or discharged; and

    1.  

      (c)     a contract that, if entered into between parties, is valid although entered into orally, and not reduced to writing, may be entered into orally by or on behalf of the international business company by a person acting under the express or implied authority of the international business company, and may, in the same manner, be varied or discharged.

  1.  

    (2)   A contract entered into in accordance with this section is valid and is binding on the international business company and its successors and all other parties to the contract.

  1.  

    (3)   Without affecting subsection (1)(a), a contract, agreement or other instrument executed by or on behalf of an international business company by a director or an authorised officer or agent of the international business company is not invalid by reason only of the fact that the common seal of the company is not affixed to the contract, agreement or instrument.

Address

2nd Floor Francis Compton Building, 
Waterfront,
Castries, Saint Lucia

Need help?

Site Map

HomeAbout AG OfficeDepartmentsAccessibilityContact Us

Quick Links

Inland Revenue Department of Government of Saint Lucia (IRD)Government of Saint Lucia Citizenship by Investment Financial Intelligence Authority

Important Links

CARICOMOECSFSRA
 
© 2025 Attorney General's Chambers
Site by