Document background
A Letter of Intent Sales is commonly used in Danish business transactions when parties wish to formalize their preliminary understanding before committing to a detailed sales agreement. It is particularly relevant for complex or high-value sales transactions where parties need to outline key commercial terms, conduct due diligence, and establish a framework for negotiations. The document typically includes proposed transaction terms, timelines, and any binding provisions (such as confidentiality or exclusivity), while adhering to Danish legal requirements and business practices. It serves as a crucial stepping stone toward a definitive agreement, providing clarity and structure to the negotiation process while managing expectations and resources of all parties involved.
