The Letter of Intent for SME Post is a crucial preliminary document in Singapore's employment landscape, particularly within the small and medium enterprise sector. This document serves as a bridge between initial discussions and formal employment contracts, providing both parties with a clear framework for further negotiation. It typically includes key employment terms, responsibilities, and conditions while maintaining flexibility for final contract discussions. Used when an SME has identified a preferred candidate but needs to establish preliminary terms before proceeding with formal employment documentation.
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1. Intent Declaration: Clear statement of intention to enter into a business relationship
2. Parties: Identification of all involved parties with full legal names and company details
3. Position Details: Specific role, responsibilities, and reporting structure for the position
4. Timeline: Expected start date and duration of the arrangement
5. Key Terms: Basic terms of employment or engagement including compensation structure
1. Confidentiality: Used when sensitive information will be shared during discussions
2. Exclusivity: When parties agree not to negotiate with others during a specific period
3. Preliminary Conditions: When specific conditions must be met before proceeding with formal employment
4. Good Faith Negotiations: Commitment to negotiate final terms in good faith
1. Job Description: Detailed outline of role responsibilities and requirements
2. Proposed Terms Summary: Overview of key employment terms and benefits
3. Company Information: Basic company profile and organizational structure
4. Timeline Schedule: Detailed timeline for negotiations and employment commencement
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