Document background
The Letter of Intent Engineering is a crucial preliminary document used in Danish business practice when parties are preparing to enter into significant engineering projects or collaborations. It serves as a formal expression of the parties' intentions while negotiations for a definitive agreement are ongoing. Typically used before complex engineering projects, technical collaborations, or major infrastructure developments, this document outlines key commercial and technical terms being considered, while clearly distinguishing between binding and non-binding provisions. Under Danish law, certain provisions (such as confidentiality and exclusivity clauses) can be legally binding even in a Letter of Intent, making it essential to draft these carefully. The document helps parties align their expectations, establish preliminary frameworks, and protect their interests during the negotiation phase. It's particularly relevant in situations where detailed due diligence, technical assessments, or regulatory approvals are needed before finalizing a full agreement.
