Document background
A Letter Of Intent Share Purchase Agreement is a crucial preliminary document used in Belgian merger and acquisition transactions to establish the framework for a potential share purchase. This document type is typically employed after initial discussions but before detailed due diligence and final negotiations commence. It outlines the parties' intentions, key commercial terms, and conditions precedent while clearly distinguishing between binding and non-binding provisions under Belgian law. The agreement serves multiple purposes: it demonstrates serious intent, provides structure for the due diligence process, may secure exclusivity rights, and protects confidential information. While not a definitive agreement, it's an essential step in Belgian M&A transactions, providing a foundation for the detailed negotiations that will follow. The document must comply with Belgian corporate law requirements and pre-contractual obligations.
