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Confirmation Of Interest Letter Template for Belgium

A Confirmation of Interest Letter under Belgian law serves as a formal expression of interest in a potential business transaction or opportunity. This document, while primarily non-binding, establishes the preliminary framework for negotiations and typically includes basic terms, confidentiality provisions, and proposed next steps. Subject to Belgian commercial law and civil code requirements, it provides a structured approach to initiating business discussions while protecting both parties' interests during the preliminary negotiation phase. The document often precedes more detailed agreements such as Letters of Intent or definitive transaction documents.

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What is a Confirmation Of Interest Letter?

The Confirmation of Interest Letter is a crucial preliminary document used in Belgian business transactions to formally initiate potential deals or partnerships. It serves as an intermediate step between informal discussions and more binding agreements, allowing parties to outline their serious interest while maintaining flexibility. Under Belgian law, this document typically includes non-binding expressions of interest (except for specific provisions like confidentiality), basic commercial terms, and proposed next steps. The Confirmation of Interest Letter is particularly valuable in cross-border transactions involving Belgian entities, as it helps establish clear communication channels and expectations while complying with local legal requirements. It's commonly used in M&A transactions, investment opportunities, real estate developments, and other significant business arrangements where parties need to formalize their preliminary intentions before proceeding with detailed due diligence and negotiations.

What sections should be included in a Confirmation Of Interest Letter?

1. Date and Addressee Details: Formal business letter heading with date and complete details of both parties

2. Expression of Interest: Clear statement of interest in the proposed transaction or opportunity

3. Transaction Overview: Brief description of the contemplated transaction or business opportunity

4. Basic Terms: High-level outline of key commercial terms being considered

5. Non-Binding Nature: Clear statement that this is not a binding commitment except for specific provisions

6. Next Steps: Outline of the proposed process and timeline for moving forward

7. Confidentiality: Basic confidentiality obligations regarding the discussions

8. Contact Details: Key contact persons for further discussions

9. Signature Block: Formal closing and signature sections for both parties

What sections are optional to include in a Confirmation Of Interest Letter?

1. Exclusivity Period: Used when parties want to establish a period of exclusive negotiations

2. Cost Coverage: Include when there's a need to address who bears the costs of preliminary discussions and due diligence

3. Governing Law Statement: Add when dealing with international parties to explicitly confirm Belgian law applies

4. Break Fee: Include when parties want to establish compensation if one party withdraws under specific circumstances

5. Term/Duration: Used when the expression of interest needs to be time-bound

6. Language Declaration: Required when dealing with parties in different Belgian regions or international parties

What schedules should be included in a Confirmation Of Interest Letter?

1. Initial Terms Sheet: High-level summary of key commercial terms being considered

2. Timeline Overview: Proposed schedule for due diligence and negotiation process

3. Corporate Information: Basic corporate information about the interested party

4. Required Approvals: List of anticipated regulatory or corporate approvals needed

Authors

Alex Denne

Head of Growth (Open Source Law) @ 黑料视频 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents

Jurisdiction

Belgium

Publisher

黑料视频

Document Type

Confirmation Letter

Sector

Sales

Cost

Free to use

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