Document background
The Pre Purchase Agreement serves as an essential preliminary contract in Belgian commercial and property transactions, establishing the framework for a future purchase while protecting both parties' interests during the negotiation phase. This document is typically used when parties have reached initial agreement on key commercial terms but require a formal structure for due diligence, exclusivity, and condition precedents before proceeding to a final purchase agreement. Under Belgian law, particular attention must be paid to regional requirements, language obligations (French, Dutch, or German depending on the region), and specific sectoral regulations. The agreement needs to balance the interests of both parties while ensuring compliance with Belgian civil law, consumer protection regulations, and relevant EU directives. It is particularly crucial in complex transactions where significant due diligence is required or where parties need to secure financing or regulatory approvals before proceeding with the final purchase.
