Document background
A Letter of Intent to Sell Products is commonly used in Singapore business transactions when parties wish to formally express their intention to enter into a product sale arrangement before drafting a detailed contract. This document typically precedes more comprehensive agreements and helps parties align their expectations early in the negotiation process. It includes essential details about the products, proposed commercial terms, and timeline for finalizing the transaction. While generally non-binding, certain provisions like confidentiality may be explicitly made binding. The document must comply with Singapore commercial law principles and relevant industry regulations.
