Document background
The MOU Purchase Agreement under Belgian law is typically used in the initial stages of a significant purchase transaction when parties need to formalize their preliminary understanding before proceeding with detailed due diligence and negotiating definitive agreements. This document is particularly relevant when parties need to establish clear parameters for their negotiations while maintaining flexibility. It includes essential elements such as the proposed transaction structure, preliminary pricing mechanisms, exclusivity periods, and confidentiality obligations, all drafted in compliance with Belgian legal requirements. The document serves as a roadmap for the transaction while typically remaining non-binding for most provisions, except for specific sections like confidentiality and exclusivity. It's especially useful in complex transactions where parties need to align their expectations and outline the framework for further negotiations before committing to a definitive purchase agreement.
