Document background
The Letter of Interest for Business Partnership is a crucial preliminary document used when businesses wish to formally initiate partnership discussions in Singapore. It serves as a structured way to communicate serious interest while maintaining flexibility before formal agreements. This document typically includes an overview of the proposing company, the potential scope of partnership, and preliminary terms for discussion. Under Singapore jurisdiction, while generally non-binding, it must comply with the Partnership Act and related business regulations. The letter helps establish clear communication channels and demonstrates professional intent while protecting both parties' interests during initial negotiations.
