Document background
The Letter Of Intent Simple is a fundamental preliminary document used in Danish business transactions to establish initial understanding between parties before proceeding with detailed negotiations or formal agreements. This document type is particularly relevant when parties need to outline basic terms and conditions of a potential deal while maintaining flexibility and avoiding premature binding commitments. Under Danish law, while a Letter of Intent is generally non-binding in nature, it carries certain legal implications regarding good faith negotiations and can include binding provisions for specific elements such as confidentiality. The document serves as a roadmap for future negotiations and demonstrates serious intent to proceed with a transaction, while providing protection for both parties during the preliminary stages of their business relationship.
