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The Business Acquisition Letter of Intent is a crucial preliminary step in corporate acquisitions in Singapore. It is typically used when a potential buyer has identified a target business and wishes to formalize their interest while maintaining confidentiality and establishing exclusive negotiation rights. The document outlines key commercial terms, valuation parameters, and the framework for due diligence, while clearly distinguishing between binding and non-binding provisions. Under Singapore's legal system, this document provides important protections for both parties during the negotiation phase, though it is generally not intended to be fully binding except for specific provisions such as confidentiality and exclusivity.

1. Parties: Details of the potential buyer and seller, including registered addresses and company registration numbers

2. Background/Recitals: Brief description of the parties and the purpose of the LOI

3. Transaction Overview: High-level description of the proposed transaction, including target business/assets

4. Purchase Price: Indicative price range or valuation methodology

5. Due Diligence: Framework for conducting due diligence and information access

6. Confidentiality: Obligations regarding confidential information exchange

7. Binding vs Non-Binding Provisions: Clear distinction between which provisions are binding and non-binding