On this page, we provide you with an overview of the most important aspects of a Letter of Intent in Switzerland, including the elements to be taken into account when drawing up the agreement.
Subsequently, we will provide you with a legally compliant template of a Letter of Intent under Swiss law.
… you are about to negotiate an important business and wish to set some ground rules for the negotiations
… you want to secure your interest in an important business and want to restrict your potential partner from negotiating with others
… you have already reached an understanding on the main business terms and want to lay them down in writing
A letter of intent or “LoI” is a document outlining the understandings between two or more parties on how they will conduct negotiations and what they will negotiate.
The parties express their interest in entering into a business relationship that will be governed by a final, yet-to-be-negotiated agreement. A major advantage of using LoIs is that they enable the parties to define the procedural rules applicable to the negotiations (for example exclusivity, timeframe or confidentiality) in a binding manner, whereby the most important conditions for the intended agreement are described in an indicative manner.
The definition of a content-related and formal framework for the negotiations accelerates the process until a binding agreement is signed.
Please create a free account and log in to your Approovd account. You can start creating the document you want and, only when you are convinced of its quality, you can choose the appropriate subscription.
All our templates have been checked and validated by renowned Swiss lawyers. They are constantly updated according to legal practice.
Create clever contracts today
Discover our contract library with over 160 smart templates in English, German and French.