Document background
The MoU Sales Agreement is commonly used in Danish business practice as a stepping stone towards a definitive sales agreement. It is particularly valuable when parties need to document their preliminary understanding while maintaining flexibility for detailed negotiations. This document type is especially relevant in complex commercial transactions where parties need to establish basic terms before committing resources to full due diligence or detailed contract negotiations. The agreement, while primarily non-binding except for specific provisions like confidentiality, provides a clear framework under Danish law for the development of the business relationship. It is commonly used in both domestic Danish transactions and international trade involving Danish entities, particularly when dealing with significant sales arrangements that require careful structuring and negotiation.
