Document background
The Business Transfer Letter is a crucial document in Dutch business transactions, typically used in the initial stages of a business transfer process. It serves as a formal written record of the intention to transfer a business or its assets, establishing the framework for the transaction. This document is particularly relevant in the Netherlands, where business transfers must comply with specific legal requirements under Dutch civil law, including employee protection regulations, competition laws, and corporate governance rules. The letter typically precedes more detailed agreements and includes essential information such as the scope of the transfer, financial terms, conditions, and next steps. It's commonly used when businesses are being sold, merged, or restructured, and needs to address specific Dutch legal requirements such as works council consultation and employee transfer provisions.
