Singapore Business Law - Letters of Intent and What They Achieve

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Business owners generally assume that a Letter of Intent made precursory to a contract would be legally binding and entitle you to legal remedies if the other party reneges on the deal. This article explains why this is often not the case.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Chris Chua, Chris Chua & Associates | Attorney Advertising

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