1. Both Australia and Singapore are common law countries. Singatron and Semicont

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1. Both Australia and Singapore arecommon law countries. Singatron and Semicontronics conclude their first roundof negotiations with a Letter of Intent (LOI). If the deal falls through, willeither party be bound to their commitments as detailed in the LOI? What can theparties do to limit the obligations to the terms of the LOI?
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