A Letter of Intent For Software Development serves as a crucial stepping stone before entering into a formal software development agreement in Singapore. This document is typically used when parties have agreed on basic terms but need to formalize their intentions while finalizing technical specifications, commercial terms, or securing internal approvals. It includes preliminary project scope, timeline, budget estimates, and basic confidentiality provisions, while adhering to Singapore's technology and data protection laws. The LOI helps parties establish clear expectations and demonstrate commitment while maintaining flexibility for detailed negotiations.
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1. Project Intent: Clear statement of the parties' intention to enter into a software development agreement and identification of all parties involved
2. Project Scope: High-level overview of the proposed software development project, including main objectives and deliverables
3. Timeline: Proposed project timeline including major milestones and expected completion dates
4. Commercial Terms: Preliminary budget, payment structure, and key commercial conditions
5. Confidentiality: Basic confidentiality obligations during negotiations and preliminary work
1. Resource Allocation: Preliminary team structure and resource commitments for larger projects requiring specific expertise or team sizes
2. Technology Stack: Proposed technologies and development frameworks when specific technologies are critical to project success
3. Third-Party Dependencies: Key third-party services or integrations when project relies on external services or APIs
4. Compliance Requirements: Specific regulatory or industry compliance requirements when dealing with regulated industries or sensitive data
1. Schedule A - High-Level Requirements: Preliminary functional and technical requirements of the software project
2. Schedule B - Project Timeline: Detailed breakdown of project phases, milestones, and estimated delivery dates
3. Schedule C - Cost Breakdown: Preliminary budget estimates by project phase and component
4. Schedule D - Key Personnel: List of key team members and their roles in the project
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