The Letter of Intent Non Disclosure Agreement is commonly used in Singapore business transactions where parties need to protect confidential information while exploring potential business relationships. This hybrid document serves two purposes: it outlines the preliminary understanding between parties regarding a potential transaction while simultaneously establishing legally binding confidentiality obligations. Under Singapore law, this document provides robust protection for sensitive information while allowing parties to negotiate and conduct due diligence with clear parameters and expectations.
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1. Parties: Identification of all parties involved in the agreement
2. Background: Context and purpose of the LOI and NDA
3. Definitions: Key terms used tHRoughout the document
4. Confidentiality Obligations: Core obligations regarding confidential information
5. Term and Termination: Duration of the agreement and termination provisions
6. Governing Law: Specification of Singapore law as governing law
1. Non-Binding Provisions: Clarification of which provisions are non-binding - used when certain aspects of the LOI are intended to be non-binding
2. Non-Compete Provisions: Restrictions on competitive activities - used when protection against competition is required
3. Return of Information: Provisions for returning confidential information - used when physical documents or data will be exchanged
1. Schedule 1 - Defined Confidential Information: Detailed list of information considered confidential
2. Schedule 2 - Authorized Representatives: List of individuals authorized to receive confidential information
3. Schedule 3 - Proposed Transaction Details: Details of the proposed business transaction (if applicable)
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