Document background
A Letter of Intent to Sell Shares is a crucial preliminary document used in corporate transactions when a party intends to sell their shareholding in a company. It is particularly important in the Swiss business environment, where it serves as a roadmap for the transaction while adhering to Swiss legal requirements. The document typically precedes the definitive share purchase agreement and outlines key commercial terms, conditions, and the proposed structure of the transaction. While mostly non-binding, it demonstrates commitment to the transaction and typically includes certain binding provisions such as confidentiality and exclusivity. This document is especially relevant in mergers and acquisitions, corporate restructuring, and investment transactions, providing a foundation for due diligence and detailed negotiations under Swiss law.
