Document background
A Cancel Letter of Intent is used when parties need to formally terminate a previously issued Letter of Intent under Singapore law. This document is particularly important in business transactions where circumstances have changed, making the original intended transaction no longer viable or desirable. The cancellation letter should reference the original LOI, clearly state the intention to cancel, specify the effective date, and address any outstanding obligations. Under Singapore's legal framework, this document ensures proper documentation of the termination and helps prevent any future misunderstandings or disputes regarding the status of the original LOI.
