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Letter Of Intent For SME Post Template for Singapore

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Key Requirements PROMPT example:

Letter Of Intent For SME Post

"Need a Letter of Intent for SME Post to hire a Senior Software Developer in Singapore, offering a base salary of SGD 120,000 with anticipated start date of March 1, 2025, including standard confidentiality clauses and a tHRee-month probation period."

Document background
The Letter of Intent for SME Post is a crucial preliminary document in Singapore's employment landscape, particularly within the small and medium enterprise sector. This document serves as a bridge between initial discussions and formal employment contracts, providing both parties with a clear framework for further negotiation. It typically includes key employment terms, responsibilities, and conditions while maintaining flexibility for final contract discussions. Used when an SME has identified a preferred candidate but needs to establish preliminary terms before proceeding with formal employment documentation.
Suggested Sections

1. Intent Declaration: Clear statement of intention to enter into a business relationship

2. Parties: Identification of all involved parties with full legal names and company details

3. Position Details: Specific role, responsibilities, and reporting structure for the position

4. Timeline: Expected start date and duration of the arrangement

5. Key Terms: Basic terms of employment or engagement including compensation structure

Optional Sections

1. Confidentiality: Used when sensitive information will be shared during discussions

2. Exclusivity: When parties agree not to negotiate with others during a specific period

3. Preliminary Conditions: When specific conditions must be met before proceeding with formal employment

4. Good Faith Negotiations: Commitment to negotiate final terms in good faith

Suggested Schedules

1. Job Description: Detailed outline of role responsibilities and requirements

2. Proposed Terms Summary: Overview of key employment terms and benefits

3. Company Information: Basic company profile and organizational structure

4. Timeline Schedule: Detailed timeline for negotiations and employment commencement

Authors

Alex Denne

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

Relevant legal definitions













Clauses















Industries

Companies Act (Cap. 50): Primary legislation governing corporate entities in Singapore, including SMEs, covering company formation, management, and governance requirements

Employment Act (Cap. 91): Core legislation governing employment relationships, working conditions, and basic terms of employment in Singapore

Personal Data Protection Act 2012 (PDPA): Legislation governing the collection, use, disclosure, and care of personal data, which must be considered when handling employee information

Application of English Law Act: Establishes the application of English common law principles in Singapore's contract law, relevant for LOI drafting and interpretation

Enterprise Singapore Regulations: Regulatory framework specific to SMEs, providing guidelines and requirements for business operations and development

MTI Guidelines: Ministry of Trade and Industry guidelines specific to SME operations and compliance requirements

Employment of Foreign Manpower Act: Legislation governing the employment of foreign workers, including work pass requirements and employer obligations

Central Provident Fund Act: mandatory social security savings scheme legislation, requiring employer contributions for local employees

Workplace Safety and Health Act: Legislation ensuring workplace safety standards and health protection measures for employees

Fair Consideration Framework: Guidelines ensuring fair employment practices and consideration of Singaporean candidates in hiring processes

Business Registration Act: Legislation governing business registration requirements and ongoing compliance obligations

Tripartite Guidelines: Non-binding guidelines developed by government, employer, and union representatives for fair employment practices

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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