Document background
A Confirmation of Interest Letter is commonly used in Singapore's business environment as a preliminary step before more detailed negotiations or due diligence. The document formally communicates a party's serious interest in pursuing an opportunity while maintaining flexibility and limiting binding commitments. It typically includes basic terms, confidentiality provisions, and next steps in the process. While governed by Singapore law, the letter is designed to be non-binding in nature except for specific provisions. This document is particularly valuable in complex commercial transactions where parties need to establish their intentions before committing significant resources to detailed negotiations.
