Document background
A Non-Binding Offer Letter is commonly used in Singapore's business environment when parties wish to formalize initial discussions or proposals without creating legally binding commitments. It typically includes proposed terms, conditions, and commercial arrangements while explicitly stating its non-binding nature. This document type is particularly useful in preliminary negotiations, allowing parties to outline their intentions and basic terms before proceeding to formal, binding agreements. The letter adheres to Singapore's legal framework while maintaining flexibility for further discussion and modification.
