A Confirmation of Interest Letter is commonly used in Singapore's business environment as a preliminary step before more detailed negotiations or due diligence. The document formally communicates a party's serious interest in pursuing an opportunity while maintaining flexibility and limiting binding commitments. It typically includes basic terms, confidentiality provisions, and next steps in the process. While governed by Singapore law, the letter is designed to be non-binding in nature except for specific provisions. This document is particularly valuable in complex commercial transactions where parties need to establish their intentions before committing significant resources to detailed negotiations.
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1. Recipient Details: Full name, designation, and address of the recipient
2. Subject Line: Clear indication of the interest being confirmed
3. Expression of Interest: Clear statement confirming the interest in the subject matter
4. Basic Terms: Key terms or conditions of the interest
5. Next Steps: Proposed course of action or timeline
6. Contact Information: Details for further communication
1. Confidentiality Statement: Used when sensitive information is involved - include when discussing proprietary or confidential matters
2. Validity Period: Time limit for the expression of interest - include when the interest has a specific expiration date
3. Conditions Precedent: Any prerequisites or conditions - include when interest is subject to specific conditions being met
1. Company Profile: Background information about the interested party
2. Supporting Documents: Relevant certificates, licenses, or credentials
3. Preliminary Proposal: Initial outline of proposed terms or concept
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