Letter Of Intent Business Partnership

Letter Of Intent Business Partnership Generator for Singapore

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Key Requirements PROMPT example:

"I need a Letter of Intent Business Partnership to formalize our intention to partner with a Singapore-based technology company for joint development of AI solutions, with specific focus on confidentiality provisions and a 6-month exclusivity period starting March 2025."

Document background

A Letter Of Intent Business Partnership is commonly used in Singapore when companies are exploring significant business collaborations or joint ventures. This document typically precedes a formal partnership agreement and serves to document the parties' serious intentions while providing a structured framework for negotiations. It includes key commercial terms, timeline expectations, and any binding provisions such as confidentiality obligations. Under Singapore law, while most provisions are non-binding, certain sections can be explicitly made binding. The document helps parties align their expectations and provides a roadmap for due diligence and final agreement preparation.

Suggested Sections

1. Introduction and Parties: Identification of all parties involved and their business details, including registered addresses and registration numbers

2. Purpose Statement: Clear statement of intent to form business partnership and scope of intended collaboration

3. Proposed Business Relationship: Overview of intended partnership structure, objectives, and preliminary terms of cooperation

4. Timeline: Proposed schedule for partnership formation and key milestones for moving forward

5. Confidentiality: Terms regarding handling of sensitive information exchanged during negotiations

Optional Sections

1. Due Diligence Process: Framework for conducting due diligence investigations when significant assets or complex operations are involved

2. Exclusivity Period: Terms of exclusive negotiations between parties, including duration and conditions

3. Resource Commitment: Preliminary allocation of resources, investments, or contributions by each party

4. Regulatory Approvals: Overview of required regulatory clearances and responsibility for obtaining them

Suggested Schedules

1. Business Plan Overview: High-level summary of proposed business operations and strategic objectives

2. Timeline Schedule: Detailed schedule of milestones, deadlines, and key dates for partnership formation

3. Initial Term Sheet: Preliminary commercial terms and conditions for the proposed partnership

4. Corporate Information: Basic corporate documents and information about participating entities

Authors

Alex Denne

Head of Growth (Open Source Law) @ ��Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

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Technology
Manufacturing
Professional Services
Retail
Financial Services

Relevant Teams

Legal
Business Development
Finance
Operations
Corporate Strategy

Relevant Roles

Chief Executive Officer
Chief Operating Officer
Business Development Director
Corporate Counsel
Chief Financial Officer

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Authors

Alex Denne

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