Document background
A Letter Of Intent To Supply Goods is commonly used in Danish business practice as a preliminary step before entering into a formal supply agreement. It is particularly useful when parties have reached a general understanding about a potential supply relationship but need to document their intentions and create a framework for further negotiations. The document, while governed by Danish law, often involves international trade considerations due to Denmark's position in the EU market. It typically includes key commercial terms, proposed supply arrangements, timelines, and any binding provisions (such as confidentiality or exclusivity). This type of document is especially valuable in complex supply relationships where detailed due diligence or lengthy negotiations are anticipated, or when parties need to demonstrate commitment to their stakeholders while finalizing the details of the arrangement.
