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A Letter of Intent For Software Development is commonly used in the Danish market as a preliminary step before entering into a full software development agreement. This document is particularly valuable when parties need to formalize their initial understanding while conducting due diligence or negotiating detailed terms. It typically includes provisions regarding project scope, timeline, commercial terms, and confidentiality obligations, while clearly distinguishing between binding and non-binding elements. The document must comply with Danish contract law principles and relevant technology regulations, including data protection and intellectual property considerations. It serves as a roadmap for negotiations while providing necessary protections for both parties during the pre-contractual phase, especially in complex software development projects where significant resources may be committed during the negotiation period.

1. Parties: Identification of all parties involved, including full legal names and addresses

2. Background: Context of the proposed software development project and the purpose of this Letter of Intent

3. Definitions: Key terms used throughout the document

4. Project Scope: High-level description of the proposed software development project, including main features and functionalities

5. Timeline and Milestones: Proposed timeline for negotiation of definitive agreements and major project milestones

6. Commercial Terms: Preliminary agreement on key commercial terms, including estimated budget range and payment structure

7. Exclusivity Period: Period during which parties agree not to negotiate with other parties for the same project

8. Confidentiality: Binding provisions regarding the protection of confidential information exchanged during negotiations

9. Non-Binding Nature: Clear statement about which provisions are non-binding vs. binding (typically confidentiality, exclusivity, and governing law)

10. Duration and Termination: Validity period of the LOI and conditions for termination

11. Governing Law: Specification of Danish law as the governing law