Document background
The Business Acquisition Letter of Intent is a crucial preliminary document used in the early stages of merger and acquisition transactions under Danish law. It is typically employed after initial discussions have yielded positive interest but before detailed due diligence and final negotiations commence. The document outlines key commercial terms, transaction structure, and timeline while establishing important protective provisions such as confidentiality and exclusivity. While generally non-binding in nature (except for specifically identified provisions), it serves as a roadmap for the transaction and demonstrates serious intent from both parties. The document must comply with Danish legal requirements and business practices, particularly considering aspects of Danish contract law, company law, and competition regulations. It is an essential tool for managing transaction expectations and protecting both parties' interests during the negotiation phase.
