Document background
The Memorandum of Contract is a versatile legal instrument used in Danish business practice when parties need to formalize their agreement in a condensed yet legally binding format. This document type is particularly useful for situations requiring quick execution while maintaining legal certainty, such as preliminary agreements, simple commercial arrangements, or when documenting key terms before developing a more detailed contract. The document follows Danish legal requirements and typically includes essential elements required by the Danish Contracts Act, while avoiding the complexity of a full-length contract. It serves as an efficient tool for business transactions where the main terms can be clearly stated without extensive legal elaboration, while still providing adequate protection for all parties involved.
