Document background
The Letter Of Intent For Business Supplier is commonly used in Singapore's business environment when companies wish to formalize their intention to enter into a supplier relationship while maintaining flexibility during negotiations. This document serves as a crucial stepping stone before executing a full supply agreement, typically including proposed terms, timelines, and any exclusivity arrangements. Under Singapore law, while mostly non-binding, certain provisions such as confidentiality and exclusivity can be made explicitly binding. It's particularly valuable in complex supply arrangements where detailed negotiations are anticipated.
