Document background
The Memorandum of Intention is a crucial preliminary document used in Belgian business practice to establish the framework for potential business relationships or transactions. It serves as a stepping stone between initial discussions and final binding agreements, documenting parties' intentions while managing legal risk. This document type is particularly relevant in the Belgian legal context, where pre-contractual obligations and good faith negotiations carry significant weight. The MOI typically includes both non-binding commercial intentions and binding provisions such as confidentiality obligations, reflecting the hybrid nature common in Belgian business practice. It's especially useful in complex transactions where parties need to document their preliminary understanding while maintaining flexibility for detailed negotiations.
