Document background
The Letter of Intent Signature is commonly used in Singapore business transactions as a precursor to a definitive agreement. It serves to memorialize the parties' preliminary understanding and commitment to negotiate in good faith. This document typically includes key commercial terms, timelines, and any binding obligations like confidentiality or exclusivity. Under Singapore law, careful attention must be paid to clearly distinguish between binding and non-binding provisions to avoid unintended legal consequences. The Letter of Intent Signature is particularly valuable in complex transactions where detailed due diligence and negotiations are anticipated.
