The Letter Of Intent For Business Template is a crucial preliminary document used in Singapore business transactions to establish the framework for future negotiations and agreements. It serves as a roadmap for both parties, outlining key terms, conditions, and expectations while maintaining flexibility for detailed negotiations. Under Singapore's legal framework, this document typically includes provisions for confidentiality, exclusivity periods, and basic terms of the proposed business relationship. While generally non-binding, certain sections can be made legally binding, making it essential to clearly specify the intended legal effect of each provision.
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1. Identification of Parties: Full legal names and addresses of all parties involved in the Letter of Intent
2. Purpose Statement: Clear statement of business intention and proposed transaction, outlining the primary objectives
3. Scope of Proposed Transaction: Detailed overview of the intended business arrangement and key terms
4. Timeline: Proposed timeline for negotiations and execution of the final agreement
5. Binding/Non-binding Statement: Explicit declaration of whether the Letter of Intent is legally binding or non-binding
1. Exclusivity Period: Terms specifying a period during which parties agree not to negotiate with other parties
2. Confidentiality Provisions: Terms regarding the exchange and protection of confidential information between parties
3. Due Diligence Framework: Structure and process for information sharing and verification between parties
4. Cost Allocation: Terms specifying how costs of negotiation and due diligence will be shared between parties
1. Term Sheet: Detailed outline of key commercial terms of the proposed transaction
2. Timeline Schedule: Detailed schedule of key milestones, deadlines, and important dates
3. Business Plan Overview: Summary of business objectives, strategy, and projected outcomes
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