Document background
The Agreement Memorandum is a crucial document in Belgian business practice, commonly used when parties wish to formalize their preliminary discussions and establish a framework for future collaboration. It serves as a bridge between initial negotiations and final agreements, particularly valuable in complex transactions, joint ventures, or strategic partnerships. Governed by Belgian law, which emphasizes good faith in pre-contractual negotiations, this document type is especially relevant given Belgium's position as a hub for international business and EU institutions. The Agreement Memorandum typically includes both binding provisions (such as confidentiality and exclusivity) and non-binding elements (such as proposed commercial terms), making it a flexible tool for business relationships while ensuring legal certainty under Belgian jurisdiction. It's particularly useful in cross-border transactions where parties need to establish clear frameworks while accommodating different legal systems and business practices.
