Document background
The Non-Binding Letter of Intent is a crucial preliminary document used in Danish business transactions to outline the intended terms of a potential deal or relationship before proceeding with detailed negotiations and due diligence. It serves as a roadmap for the transaction while explicitly maintaining its non-binding nature under Danish law, except for specifically designated binding provisions. This document is particularly valuable in complex business transactions, mergers and acquisitions, real estate deals, and strategic partnerships where parties need to document their initial understanding and commitment to good faith negotiations. While following Danish legal frameworks, it typically includes proposed commercial terms, transaction structure, timelines, and any exclusivity or confidentiality requirements, providing a foundation for further detailed agreements.
