Document background
The Exclusive Letter of Intent is a crucial document in significant commercial transactions under Irish law, typically used in mergers, acquisitions, major commercial deals, or real estate transactions. It serves as a bridge between initial discussions and final binding agreements, providing a structured framework for negotiations while protecting the interested party's position through binding exclusivity provisions. The document typically includes the proposed transaction structure, exclusivity period, confidentiality obligations, and due diligence parameters. While most terms remain non-binding, the exclusivity and confidentiality provisions are typically enforceable. This document type is particularly valuable in complex transactions where detailed due diligence is required and parties need protection while investing significant resources in transaction exploration.
