Document background
The Partnership Letter of Intent is a crucial preliminary document used in Danish business practice when two or more parties are considering forming a business partnership. It serves as a roadmap for negotiations and typically precedes the final partnership agreement. This document is particularly important in the Danish business context as it helps establish clear expectations and parameters for the partnership discussion while complying with Danish legal requirements. The Letter of Intent should address key aspects of the proposed partnership while maintaining enough flexibility for detailed negotiations. It typically includes both binding elements (such as confidentiality and exclusivity) and non-binding elements (such as proposed commercial terms). The document is governed by Danish law, particularly the Danish Partnership Act and Contracts Act, and should be drafted with consideration of these legal frameworks.
