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The Letter Of Intent Procurement document is utilized in the initial stages of significant procurement relationships under Danish jurisdiction, where parties wish to formalize their intentions before entering into detailed negotiations. This document type is particularly relevant when the procurement involves substantial value, complex requirements, or requires significant preparation before final agreements can be reached. It typically includes provisions regarding the scope of intended procurement, exclusivity periods, confidentiality obligations, and the process for moving forward with negotiations. The document needs to carefully balance Danish legal requirements with commercial practicality, ensuring compliance with relevant legislation such as the Danish Contract Law and, where applicable, the Public Procurement Act. While mostly non-binding, certain provisions like confidentiality and exclusivity are typically structured as legally binding commitments.

1. Parties: Identification of the potential buyer and supplier, including full legal names and registration details

2. Background: Context of the procurement opportunity and brief description of the parties' intentions

3. Definitions: Key terms used throughout the letter of intent

4. Scope of Intended Procurement: Overview of goods/services to be procured and estimated volumes

5. Duration of LOI: Validity period of the letter of intent

6. Exclusivity: Whether the parties agree to negotiate exclusively during the LOI period

7. Confidentiality: Obligations regarding confidential information exchanged during negotiations

8. Next Steps: Outline of the procurement process and key milestones

9. Non-Binding Nature: Clear statement on which provisions are binding and non-binding

10. Governing Law: Confirmation of Danish law as governing law