Document background
The Notice of Intent to Purchase is a crucial preliminary document in Dutch business and real estate transactions, typically used when a potential buyer wishes to formally express serious interest in acquiring an asset, property, or business while maintaining some flexibility before the final purchase agreement. This document, while not binding for the final purchase, carries legal weight under Dutch law regarding good faith negotiations and can create certain obligations for both parties. It typically includes key information such as the asset description, proposed purchase price, timeline, and any conditions precedent. Common in both corporate and real estate transactions, it serves as a stepping stone between initial interest and final purchase agreement, often triggering the start of formal due diligence processes or exclusive negotiation periods. Under Dutch law, while the Notice of Intent to Purchase is generally non-binding for the final purchase, it must be drafted carefully to clearly state the parties' intentions and any binding elements, such as confidentiality or exclusivity provisions.
