The Commercial Letter of Intent to Purchase is a crucial preliminary document used in Danish business transactions to formally express a serious intention to purchase assets, property, or an entire business. This document type is particularly relevant when parties want to outline the main terms of a proposed transaction before proceeding with detailed due diligence and negotiating final agreements. While governed by Danish law and typically non-binding except for specific provisions (such as confidentiality and exclusivity), it serves as an important tool for establishing the framework of the transaction, demonstrating commitment, and securing initial agreements on key terms. The document helps parties avoid misunderstandings and provides a roadmap for the transaction while often being required for securing financing or board approvals. It's commonly used in various commercial contexts, from real estate acquisitions to company mergers, and must comply with Danish contract law principles and commercial practices.
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Key Requirements PROMPT example:
Commercial Letter Of Intent To Purchase
I need a Commercial Letter of Intent to Purchase for acquiring a manufacturing facility in Copenhagen, with a proposed purchase price of 5 million EUR and a planned closing date of March 15, 2025; the letter should include a 60-day exclusivity period and outline the due diligence process.
1. Letter Date and Addresses: Date of the letter and full legal names and addresses of both sender and recipient
2. Subject Line: Clear indication that this is a Letter of Intent to Purchase [specific asset/business]
3. Opening Statement: Brief introduction stating the purpose of the letter and confirming the sender's interest in the purchase
4. Transaction Overview: Clear description of what is being purchased and the basic structure of the proposed transaction
5. Purchase Price and Payment Terms: Proposed purchase price, payment structure, and any contingencies
6. Key Timeline: Proposed timeline for due diligence, negotiation of definitive agreements, and closing
7. Due Diligence: Overview of the due diligence process and requirements
8. Confidentiality: Statement regarding the confidential nature of the discussions and any reference to existing NDAs
9. Non-Binding Nature: Clear statement about which provisions are non-binding and which (if any) are binding
10. Closing: Signature blocks and formal closing of the letter
1. Exclusivity Period: Used when the seller is requested to negotiate exclusively with the potential buyer for a specified period
2. Conditions Precedent: Include when there are specific conditions that must be met before proceeding with the transaction
3. Break Fee: Used in larger transactions where compensation is required if either party backs out under certain circumstances
4. Financing Contingency: Include when the purchase is dependent on the buyer securing specific financing
5. Governing Law and Jurisdiction: While often included, this can be optional in a non-binding LOI
6. Cost Allocation: Include when there's a need to specify how transaction costs will be allocated between parties
1. Key Assets Schedule: High-level list of main assets or business components included in the proposed purchase
2. Initial Due Diligence Checklist: Preliminary list of documents and information required for due diligence
3. Transaction Timeline: Detailed timeline showing key milestones and deadlines
4. Price Calculation Methodology: If the purchase price includes adjustments or earn-outs, outline the calculation method
Authors
Relevant legal definitions
Proposed Transaction
Target Asset(s)
Purchase Price
Due Diligence Period
Exclusivity Period
Confidential Information
Binding Provisions
Non-Binding Provisions
Closing Date
Definitive Agreement
Business Day
Material Adverse Change
Permitted Purpose
Representatives
Transaction Documents
Due Diligence Materials
Break Fee
Deposit
Conditions Precedent
Completion
Effective Date
Inspection Period
Purchase Terms
Target Business
Target Asset(s)
Purchase Price
Due Diligence Period
Exclusivity Period
Confidential Information
Binding Provisions
Non-Binding Provisions
Closing Date
Definitive Agreement
Business Day
Material Adverse Change
Permitted Purpose
Representatives
Transaction Documents
Due Diligence Materials
Break Fee
Deposit
Conditions Precedent
Completion
Effective Date
Inspection Period
Purchase Terms
Target Business
Clauses
Purpose
Transaction Overview
Purchase Price
Payment Terms
Due Diligence
Confidentiality
Exclusivity
Timeline
Non-Binding Nature
Binding Obligations
Access Rights
Break Fee
Expenses
Governing Law
Jurisdiction
Good Faith
Third Party Rights
Notices
Assignment
Termination
Representations and Warranties
Conditions Precedent
Financing
Regulatory Compliance
Transaction Overview
Purchase Price
Payment Terms
Due Diligence
Confidentiality
Exclusivity
Timeline
Non-Binding Nature
Binding Obligations
Access Rights
Break Fee
Expenses
Governing Law
Jurisdiction
Good Faith
Third Party Rights
Notices
Assignment
Termination
Representations and Warranties
Conditions Precedent
Financing
Regulatory Compliance
Relevant Industries
Manufacturing
Real Estate
Technology
Retail
Healthcare
Financial Services
Energy
Transportation
Telecommunications
Professional Services
Industrial
Agriculture
Construction
Mining
Entertainment
Relevant Teams
Legal
Finance
Corporate Development
Mergers & Acquisitions
Business Development
Strategy
Executive Leadership
Risk & Compliance
Operations
Commercial
Property
Investment
Relevant Roles
Chief Executive Officer
Chief Financial Officer
Chief Legal Officer
Managing Director
Business Development Director
Corporate Development Manager
Mergers & Acquisitions Director
Investment Manager
Legal Counsel
Commercial Director
Property Director
Head of Strategy
Financial Controller
Business Unit Director
Operations Director
Risk Manager
Compliance Officer
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