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The Letter of Intent Startup template is designed for use in the Danish legal context where parties are entering into preliminary negotiations for startup-related transactions. This document is typically used when a startup is seeking investment, planning a strategic partnership, or preparing for an acquisition. It provides a structured framework for negotiations while maintaining flexibility, combining non-binding commercial terms with enforceable provisions on confidentiality and exclusivity. Under Danish law, while most of the LOI's provisions are non-binding, certain elements like confidentiality clauses are legally enforceable, making it a crucial tool for protecting sensitive information during negotiations. The document serves as a roadmap for the transaction, outlining key terms, valuation expectations, due diligence requirements, and timelines, while reflecting Danish legal requirements and business practices.

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

2. Background: Context of the proposed transaction or relationship, including brief description of the startup's business and the purpose of the potential transaction

3. Definitions: Key terms used throughout the document

4. Purpose and Scope: Clear statement of the parties' intentions and the scope of the proposed transaction or relationship

5. Key Commercial Terms: Outline of the principal terms being considered, such as proposed investment amount, valuation, or collaboration structure

6. Due Diligence: Framework for the exchange of information and due diligence process

7. Confidentiality: Obligations regarding the protection and use of confidential information exchanged

8. Exclusivity: Period during which the parties agree not to negotiate with other parties

9. Timeline: Expected timeline for negotiations and completion of the proposed transaction

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

11. Costs: How costs related to the negotiation and transaction will be borne

12. Governing Law and Jurisdiction: Specification of Danish law as governing law and jurisdiction for disputes