Letter of Intent governed by the law of Spain
DealDocs sets the laws of Spain as the governing law when you choose Spain. The forum clause reads: “The Parties expressly submit to the exclusive jurisdiction of the courts of the city of Madrid, Spain, waiving any other forum to which they may be entitled.”
Governing law
the laws of Spain
Legal system
Civil law, a civil law system, where rules are drawn primarily from codified statutes rather than from a body of judicial precedent.
Conventional arbitration seat
Madrid, Spain
Naming a party formed here
DealDocs' guided interview references the Kingdom of Spain when you enter a party formed in Spain.
What's different about a Letter of Intent in Spain
The same pre-contractual good faith liability applies to an LOI's negotiations, and where the transaction involves transferring participations in a Spanish S.L. (limited company), that transfer is recorded in a public deed before a notary as a matter of practice, separate from the LOI itself.
Build your LOI for Spain now
The guided interview asks for the governing law up front, so the right jurisdiction-specific clauses are included automatically. Preview the full plain English guide and completeness check for free before you unlock the document.
Frequently asked questions
Does an LOI to buy a Spanish company need a notary?
The LOI itself doesn't, but transferring S.L. participations is recorded in a public deed before a notary as a separate, later step.
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