Document background
A Letter Of Intent Termination is used when parties need to formally end preliminary agreements or understandings documented in a Letter of Intent. Under Singapore jurisdiction, this document serves as official notice of termination and typically includes reference to the original LOI, clear termination date, and any relevant terms for unwinding the preliminary arrangement. It's particularly important in business transactions where parties need to document their decision not to proceed with the contemplated transaction, protecting both parties from potential future claims and providing clarity on the status of any obligations or confidentiality requirements.
