We establish a description of the maximal C*-algebra of quotients of a unital C*-algebra A as a direct limit of spaces of completely bounded bimodule homomorphisms from certain operator submodules of the Haagerup tensor product A ⊗ h A labelled by the essential closed right ideals of A into A. In addition the invariance of the construction of the maximal C*-algebra of quotients under strong Morita equivalence is proved.
Mathematics Subject Classification (2000). Primary 46L05; Secondary 16 D90, 46A13, 46H25, 46L07, 47L25.