Document background
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.
