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Letter Of Intent Sales
"I need a Letter of Intent Sales under Singapore law for selling my manufacturing equipment to a potential buyer in Malaysia, with a 60-day exclusivity period and completion targeted for March 2025."
1. Intent Declaration: Clear statement of intention to enter into a sales agreement, including identification of parties and date
2. Subject Matter: Description of goods/products to be sold including key specifications and quantities
3. Key Commercial Terms: Proposed price, payment terms, delivery terms, and other primary commercial conditions
4. Timeline: Expected timeframe for negotiation, due diligence, and execution of definitive agreement
5. Non-Binding Statement: Clear statement that LOI is non-binding except for specific clauses
1. Due Diligence Process: Details of the due diligence process, timing, and access requirements - include for complex transactions
2. Exclusivity: Terms of exclusive negotiation period and restrictions on dealing with other parties
3. Confidentiality: Terms for handling confidential information and trade secrets - include if sensitive information will be shared
4. Deposit Terms: Terms regarding any advance payment or security deposit - include if upfront payment is required
5. Conditions Precedent: Any conditions that must be met before proceeding with the transaction - include for regulated industries or complex deals
1. Term Sheet: Detailed summary of key commercial terms and conditions
2. Product Specifications: Technical specifications and details of the goods/products to be sold
3. Timeline Schedule: Detailed timeline showing key milestones and deadlines for the transaction
4. Due Diligence Checklist: List of required documents and information for review process
5. Pricing Schedule: Detailed breakdown of pricing, including any variable components or volume discounts
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