Document background
The Letter Of Intent Cooperation Template is a crucial preliminary document used in Singapore business contexts when parties wish to formalize their intention to explore potential collaboration while maintaining flexibility. It serves as a stepping stone towards a more detailed agreement, allowing parties to outline key terms and expectations without creating full contractual obligations. Under Singapore law, this document typically includes provisions for confidentiality, scope of proposed cooperation, and timeline for negotiations, while clearly stating its non-binding nature except for specific provisions. It's particularly valuable in complex business arrangements where parties need to demonstrate serious intent while still conducting due diligence and detailed negotiations.
