Document background
The Pre Purchase Agreement is a crucial document used in Danish commercial and private transactions to secure a future purchase by establishing legally binding commitments between parties. This document is particularly relevant when parties need to formalize their intention to proceed with a purchase while certain conditions still need to be met, such as due diligence completion, financing arrangements, or regulatory approvals. Operating under Danish law, the agreement provides protection for both parties by clearly defining the terms of the proposed transaction, including purchase price, payment structure, conditions precedent, and completion requirements. It serves as a bridge between initial negotiations and the final purchase agreement, incorporating necessary safeguards and compliance with Danish legal requirements, including consumer protection provisions where applicable. The agreement is commonly used in various contexts, from real estate transactions to business acquisitions, and can be adapted to accommodate both corporate and individual parties.
