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Letter Of Intent Request for the Netherlands

Letter Of Intent Request Template for Netherlands

A Letter of Intent Request under Dutch law is a formal business communication document that initiates the process of potential business collaboration or transaction. This document, while generally non-binding in nature, serves as a structured approach to expressing serious interest in a business opportunity while adhering to Dutch legal principles of pre-contractual good faith (redelijkheid en billijkheid). It outlines preliminary terms, proposed transaction structure, and establishes a framework for future negotiations, while incorporating specific provisions required under Dutch law for pre-contractual communications.

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What is a Letter Of Intent Request?

The Letter of Intent Request is a crucial preliminary document in Dutch business practice, typically used when a company wishes to formally initiate negotiations for a significant business transaction or collaboration. It serves as the first formal step in a potential transaction, combining elements of business courtesy with legal prudence. While not a binding agreement for the main transaction, certain provisions (such as confidentiality and exclusivity) may create legally binding obligations under Dutch law. The document should be drafted with careful consideration of Dutch legal principles, particularly the doctrine of pre-contractual good faith (redelijkheid en billijkheid) and the Plas/Valburg doctrine regarding pre-contractual liability. It typically includes proposed key terms, timeline, and process for negotiations, while clearly stating its non-binding nature for the main transaction.

What sections should be included in a Letter Of Intent Request?

1. Sender's Details: Full company name, registration details, and address of the requesting party

2. Date: Date of the letter following Dutch business format

3. Recipient's Details: Full company name and address of the target company/party

4. Subject Line: Clear indication that this is a Letter of Intent Request regarding specific transaction/project

5. Introduction: Brief introduction of the sender's company and expression of interest

6. Transaction Overview: High-level description of the proposed transaction or collaboration

7. Key Terms: Outline of fundamental terms and conditions being proposed

8. Process and Timeline: Proposed next steps and suggested timeline for negotiations

9. Confidentiality Statement: Brief statement about treating discussions as confidential

10. Non-Binding Nature: Clear statement that this is non-binding except for specified provisions

11. Contact Details: Primary contact person's details for further communications

12. Closing: Formal closing and signature block

What sections are optional to include in a Letter Of Intent Request?

1. Exclusivity Request: Optional section requesting exclusive negotiation rights for a specified period

2. Due Diligence: If relevant, preliminary request for access to due diligence materials

3. Financing: If applicable, brief description of proposed financing arrangements

4. Regulatory Considerations: If relevant, mention of key regulatory approvals required

5. Existing Relationships: If applicable, reference to existing business relationships between parties

6. Corporate Approval: If needed, statement about internal approvals already obtained

What schedules should be included in a Letter Of Intent Request?

1. Corporate Information Summary: Brief overview of sender's company structure and relevant information

2. Preliminary Terms Sheet: High-level outline of key commercial terms being proposed

3. Timeline Overview: Proposed schedule for negotiations and transaction completion

4. Reference Projects: If relevant, list of similar transactions or relevant experience

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

Letter of Intent

Cost

Free to use
Relevant legal definitions




















Clauses

















Relevant Industries

Manufacturing

Technology

Real Estate

Financial Services

Healthcare

Energy

Telecommunications

Retail

Professional Services

Construction

Transportation

Agriculture

Education

Media and Entertainment

Industrial

Pharmaceuticals

Relevant Teams

Legal

Corporate Development

Business Development

Strategy

Executive Leadership

Finance

Mergers & Acquisitions

Commercial

Corporate Secretary Office

Investment

Project Management

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Chief Legal Officer

Managing Director

Business Development Director

Corporate Development Manager

General Counsel

Legal Counsel

M&A Director

Strategy Director

Commercial Director

Investment Manager

Project Director

Partnership Manager

Executive Board Member

Company Secretary

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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