Document background
A Legal Letter of Intent is commonly used in Singapore as a preliminary step in significant commercial transactions. It establishes the framework for negotiation while protecting parties' interests tHRough specific binding provisions. The document typically includes key commercial terms, timelines, conditions precedent, and any exclusivity arrangements. Under Singapore law, parties must clearly distinguish between binding and non-binding provisions to ensure legal certainty. The LOI helps parties align their expectations and provides structure to subsequent negotiations while maintaining flexibility.
