Document background
The Memorandum of Interest under Belgian law serves as an essential preliminary document in business negotiations and potential partnerships. It is typically used when parties wish to formally document their interest in pursuing a business opportunity while maintaining flexibility before committing to detailed agreements. This document type is particularly relevant in cross-border transactions involving Belgian entities or foreign companies looking to establish presence in Belgium. The MOI outlines the basic parameters of the proposed transaction or collaboration, confidentiality requirements, and next steps, while clearly stating its generally non-binding nature. It provides a structured approach to preliminary discussions while ensuring compliance with Belgian legal requirements and business practices, particularly important given Belgium's position as a key European business hub.
