Document background
A Letter Of Intent To Purchase Product is commonly used in Danish commercial transactions as a preliminary step before entering into a final purchase agreement. This document is particularly valuable when dealing with significant product purchases that require detailed negotiation, due diligence, or complex delivery arrangements. While governed by Danish law and influenced by EU regulations, it typically serves as a non-binding document (except for specific provisions) that outlines the proposed transaction's key terms, demonstrates serious intent, and provides a framework for negotiations. The document is especially relevant in situations involving substantial financial commitments, complex product specifications, or when parties need to secure internal approvals or external financing before proceeding with the final purchase agreement.
