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Confirmation Of Interest Letter for the Netherlands

Confirmation Of Interest Letter Template for Netherlands

A formal document governed by Dutch law that expresses a party's preliminary interest in pursuing a business opportunity, transaction, or relationship. This document serves as an initial step in business negotiations while typically maintaining a non-binding nature, except for specific provisions such as confidentiality or exclusivity if included. Under Dutch law, this document must adhere to the principles of reasonableness and fairness (redelijkheid en billijkheid) and requires careful drafting to clearly establish which provisions, if any, are intended to be binding versus non-binding expressions of intent.

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Confirmation Of Interest Letter

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What is a Confirmation Of Interest Letter?

The Confirmation of Interest Letter is a crucial preliminary document used in business transactions under Dutch law when a party wishes to formally express interest in a potential opportunity while maintaining flexibility before making binding commitments. It serves as a stepping stone between initial discussions and more formal agreements, typically used in scenarios such as potential acquisitions, investments, joint ventures, or significant business partnerships. The document outlines the nature of the interest, any preliminary understandings, and next steps, while usually preserving the non-binding nature of the expression of interest. Under Dutch law, particular attention must be paid to clearly delineating any provisions that are intended to be binding (such as confidentiality obligations) from the non-binding elements, in accordance with the Dutch Civil Code and established business practices.

What sections should be included in a Confirmation Of Interest Letter?

1. Letter Header: Including date, recipient details, and reference line

2. Introduction: Brief opening identifying the sender and the purpose of the letter

3. Transaction/Opportunity Description: Clear description of the business opportunity or transaction being considered

4. Expression of Interest: Formal statement confirming the party's interest in pursuing the opportunity

5. Next Steps: Outline of proposed next steps in the process

6. Non-Binding Nature: Clear statement that this is not a binding commitment (except for any specific binding provisions)

7. Contact Details: Key contact person(s) for further communication

8. Closing and Signature: Formal closing, including signature block and title of signatory

What sections are optional to include in a Confirmation Of Interest Letter?

1. Confidentiality Provision: Include when sensitive information has been or will be shared

2. Exclusivity Period: Include when parties agree to negotiate exclusively for a defined period

3. Key Terms Summary: Include when preliminary terms have been discussed and need to be documented

4. Timeline: Include when specific deadlines or milestones need to be acknowledged

5. Resource Commitment: Include when preliminary allocation of resources needs to be documented

6. Governing Law: Include when multiple jurisdictions are involved or when specific legal framework needs to be established

7. Costs and Expenses: Include when there's a need to clarify who bears the costs of preliminary activities

What schedules should be included in a Confirmation Of Interest Letter?

1. Background Information: Detailed information about the proposed opportunity or transaction

2. Key Personnel: List of key team members and their roles in the proposed transaction

3. Preliminary Terms: High-level summary of key commercial terms discussed

4. Timeline Overview: Detailed timeline of proposed next steps and key milestones

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Netherlands

Publisher

Ƶ

Document Type

Confirmation Letter

Sector

Sales

Cost

Free to use
Relevant legal definitions


















Clauses




















Relevant Industries

Real Estate

Technology

Financial Services

Manufacturing

Energy

Healthcare

Infrastructure

Telecommunications

Private Equity

Mergers & Acquisitions

Renewable Energy

Professional Services

Retail

Logistics

Relevant Teams

Legal

Corporate Development

Business Development

Finance

Strategy

Mergers & Acquisitions

Investment

Commercial

Executive Management

Project Management

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Business Development Director

Investment Manager

Corporate Development Manager

General Counsel

Legal Counsel

Managing Director

Commercial Director

Head of Strategy

Head of Mergers & Acquisitions

Investment Director

Project Manager

Partnership Manager

Finance Director

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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