Limit the obligations to the terms of the loi

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Reference no: EM132123470

Both Australia and Singapore are common law countries. Singatron and Semicontronics conclude their first round of negotiations with a Letter of Intent (LOI). If the deal falls through, will either party be bound to its commitments as detailed in the LOI? What can the parties do to limit the obligations to the terms of the LOI?

Reference no: EM132123470

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