Document background
A Customer Letter of Intent is commonly used in Singapore business transactions as a preliminary step before entering into a formal contract. It demonstrates serious interest while allowing parties to outline key terms and expectations without full legal commitment. This document typically includes proposed commercial terms, timelines, and any binding provisions like confidentiality. Under Singapore law, while most provisions are non-binding, certain clauses can be explicitly made binding. The document serves as a roadmap for negotiations and helps establish clear communication between parties.
