A Letter Of Intent Termination is used when parties need to formally end preliminary agreements or understandings documented in a Letter of Intent. Under Singapore jurisdiction, this document serves as official notice of termination and typically includes reference to the original LOI, clear termination date, and any relevant terms for unwinding the preliminary arrangement. It's particularly important in business transactions where parties need to document their decision not to proceed with the contemplated transaction, protecting both parties from potential future claims and providing clarity on the status of any obligations or confidentiality requirements.
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1. Date and Parties: Clear identification of sender and recipient, including full legal names and addresses
2. Reference to Original LOI: Specific reference to the original LOI including date and subject matter
3. Clear Statement of Termination: Explicit statement of intent to terminate the LOI
4. Effective Date: Specific date when termination takes effect
5. Signature Block: Space for authorized signature and date
1. Reason for Termination: Explanation of termination reasons, if diplomatic or legally necessary
2. Mutual Release: Release of parties from obligations, used when seeking clean break
3. Surviving Obligations: List of any obligations that continue post-termination
4. Return of Materials: Instructions for returning any confidential information or materials
1. Original LOI: Copy of the original Letter of Intent being terminated
2. Proof of Authority: If required, documentation showing authority to terminate
3. Schedule of Outstanding Items: List of any pending matters requiring resolution
Relevant legal definitions
Letter of Intent
LOI
Original Letter of Intent
Effective Date
Termination Date
Parties
Party
Original Parties
Original Transaction
Proposed Transaction
Contemplated Transaction
Confidential Information
Confidential Materials
Outstanding Obligations
Surviving Obligations
Related Documents
Associated Agreements
Notice
Notification
Representatives
Authorized Representatives
Business Day
Working Day
LOI
Original Letter of Intent
Effective Date
Termination Date
Parties
Party
Original Parties
Original Transaction
Proposed Transaction
Contemplated Transaction
Confidential Information
Confidential Materials
Outstanding Obligations
Surviving Obligations
Related Documents
Associated Agreements
Notice
Notification
Representatives
Authorized Representatives
Business Day
Working Day
Clauses
Relevant Industries
Relevant Teams
Relevant Roles
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