A Memorandum of Interest is commonly used in Singapore's business environment when parties wish to formally document their preliminary interest in a transaction or opportunity. This document type helps parties establish initial framework for negotiations while maintaining flexibility. The Memorandum of Interest typically includes key information about the interested party, the subject matter of interest, and any specific conditions or requirements. Under Singapore law, while generally non-binding, it can create certain obligations regarding confidentiality and exclusivity if explicitly stated.
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1. Parties: Identification and details of all parties expressing interest
2. Background: Context and circumstances leading to the memorandum
3. Definitions: Key terms used throughout the document
4. Expression of Interest: Clear statement of interest and intent
5. Subject Matter: Detailed description of the interest subject
6. Duration: Period for which the interest remains valid
1. Conditions Precedent: Optional section specifying conditions that must be met before proceeding - used when specific prerequisites exist
2. Exclusivity: Optional section defining terms of exclusive dealing - used when parties agree to deal exclusively
3. Confidentiality: Optional section outlining terms of information protection - used when sensitive information is involved
4. Due Diligence: Optional section detailing investigation and verification processes - used when detailed examination is required
1. Asset Schedule: Detailed list of assets involved
2. Timeline Schedule: Key dates and milestones
3. Due Diligence Requirements: Specific requirements for investigation
4. Contact Details: Key contact information for all parties
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