The Non-Binding Offer Template is a crucial document in the early stages of business negotiations under Singapore jurisdiction. It provides a formal structure for presenting initial terms while explicitly maintaining their non-binding nature. This document typically includes key commercial terms, conditions, timelines, and any specific requirements for moving forward. The template is particularly valuable when parties need to demonstrate serious intent while retaining flexibility before committing to a binding agreement. It serves as a fouNDAtion for further negotiations while providing clear documentation of preliminary discussions.
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1. Offer Details: Specific terms of the offer including price, product/service description, and quantity
2. Non-Binding Statement: Clear disclaimer stating the non-binding nature of the offer and that this does not constitute a legally binding agreement
3. Validity Period: Timeframe during which the offer remains open for consideration
4. Contact Information: Details of the offering party and recipient, including full legal names and addresses
1. Conditions Precedent: Any conditions that need to be met before proceeding, used when offer is contingent on specific events
2. Confidentiality Statement: Terms regarding the confidential treatment of the offer information and any disclosed materials
3. Due Diligence Requirements: Information about required due diligence process and documentation requirements
1. Product/Service Specifications: Detailed technical specifications or service descriptions including scope and deliverables
2. Pricing Schedule: Detailed breakdown of pricing components, payment terms, and any conditional pricing arrangements
3. Proposed Timeline: Proposed implementation or delivery schedule with key milestones and dates
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