Document background
The Reservation Fee Agreement is commonly used in Danish business practice when a party wishes to secure future access to a product, property, or service without making an immediate full purchase or commitment. This document type is particularly relevant in high-value transactions or situations where demand exceeds supply. The agreement typically specifies the reservation fee amount, reservation period, and conditions for converting the reservation into a final purchase or lease. It must comply with Danish contract law and, where applicable, consumer protection regulations. The Reservation Fee Agreement serves as a preliminary step before a final contract, providing security for both the provider and the reserver while establishing clear terms for the reservation period and any potential refund conditions.
