Document background
A Letter Of Intent To Buy Shares is a crucial preliminary document used in corporate acquisitions and investments under Belgian law. It is typically employed when a potential buyer has serious interest in acquiring shares in a company but needs to establish the basic terms and conduct due diligence before proceeding to a definitive agreement. The document outlines key commercial terms, exclusivity periods, and confidentiality obligations, while usually remaining non-binding except for specific provisions. Under Belgian jurisdiction, this document must comply with the Belgian Companies and Associations Code and general contract law principles. It serves as a roadmap for the transaction, protecting both parties' interests during negotiations and typically precedes more detailed due diligence and the final share purchase agreement.
