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An Intent To Sell Letter is commonly used in Singapore as a preliminary step in various types of sale transactions. This document is particularly useful when parties want to formalize their initial discussions without immediately entering into a binding sale agreement. It typically includes key information such as the description of the asset or property, proposed price, basic terms, and any specific conditions. While not legally binding unless explicitly stated, it serves as a fouNDAtion for further negotiations and helps establish clear communication between parties. The document is recognized within Singapore's legal framework and is often used in both commercial and private transactions.
