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A Letter of Intent to Purchase is commonly used in Belgian business and real estate transactions as a preliminary step before entering into a definitive purchase agreement. It is particularly useful when parties need to formalize their initial understanding while maintaining flexibility for further negotiations. The document typically outlines the key commercial terms, proposed timeline, and any exclusivity or confidentiality requirements. Under Belgian law, while most provisions are non-binding, certain elements like confidentiality and good faith negotiations can create legal obligations. This document is essential in complex transactions where parties need to demonstrate serious intent while reserving the right to adjust terms based on due diligence findings. The Letter of Intent to Purchase helps structure negotiations and can be used to secure preliminary approval from boards or financing institutions.

1. Opening and Date: Formal letter opening with date and parties' addresses

2. Subject Line: Clear indication that this is a Letter of Intent to Purchase [Asset/Property/Business]

3. Introduction: Brief introduction of the parties and their roles (buyer/seller)

4. Transaction Overview: Brief description of the intended transaction and asset/property to be purchased

5. Purchase Price: Proposed purchase price and payment terms

6. Key Terms: Main commercial terms of the proposed transaction

7. Timeline: Proposed timeline for due diligence and closing

8. Non-Binding Nature: Clear statement about which provisions are non-binding

9. Closing: Formal letter closing with signature blocks