The Chemical Bond (with a little taste of quantum).
When two atoms become sufficiently close, getting trapped in potential energy well, their electron densities start to overlap and interact. It is established that electrons move both as a particle and as a wave (quantum theory!!), and when two or more electron densities overlap, they form new wave functions as their waves become superimposed.
Shapes of atomic orbitals (AO’s) and molecular orbits (MO) are predictions based off Schrödinger’s equation for the hydrogen gas molecule ion, H2+, which has an exact solution: the one electron wave function solution.
Approximations for more complex molecular orbitals care calculated through the LCAO and VB method, the linear combination of atomic orbitals and valance bond method respectively. The difference is LCAO gives MO’s which are delocalized over the entire molecule and VB creates models where electrons are localized between a pair of atoms giving a quantum mechanical support of the VSPER and Lewis structures.
The Potential Energy diagram:

Photo: http://web.njit.edu/all_topics/Prog_Lang_Docs/html/autodock/AD3-12.gif
The formulas on the graph:
Ae^(-aR)* is the repulsion forces between the atoms. The smaller the distance between them becomes, the repulsion exponentially increases. A is simply a constant.
*This is the form of my textbook, on this graph there are some constants (looks like epsilon…) which serve the same purpose. The distance term is also inside the exponential in my textbook version.
(-C/r^6), is the called the Coulomb force or interaction. It’s basically a measurement of the potential energy between two atoms, charge over distance. C stands for one Coulomb which can be converted to any other charge unit you like, and r is the distance, SI unit is meters, but it’s usually more practical to use angstroms. The greater r gets, the more the potential energy decreases (dividing by a larger number!) and you end up with weaker and weaker attractive forces.
In the well, or lowest point of the curve on the graph is the equilibrium between attractive and repulsive forces. The is described as the potential energy well. The energy required to destroy a bond is the distance from the bottom of the well to the x-axis. Usually any type of equilibrium or stability will be shown as the lowest point of a well.