lock out agreement
exclusive negotiating period/lock out agreement
Agreement by the seller or both parties not to enter into negotiations with any third party that might jeopardise the acquisition for a certain period of time. The length of exclusivity must be reasonable based on the nature of the deal and time needed to complete.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Look at other dictionaries:

  • lock-out agreement — Also known as exclusivity agreement, shut out agreement or no shop agreement. Agreements which are used to try to ensure that the other party to a prospective deal negotiates solely with the client for a period of time. They aim to give the… …   Law dictionary

  • exclusive negotiating period/lock out agreement — Agreement by the seller or both parties not to enter into negotiations with any third party that might jeopardise the acquisition for a certain period of time. The length of exclusivity must be reasonable based on the nature of the deal and time… …   Law dictionary

  • lock out — verb prevent employees from working during a strike • Derivationally related forms: ↑lockout • Hypernyms: ↑exclude, ↑keep out, ↑shut out, ↑shut • Verb Frames: Somebody s somebody …   Useful english dictionary

  • shut-out agreement — Also known as exclusivity agreement, lock out agreement or no shop agreement. Agreements which are used to try to ensure that the other party to a prospective deal negotiates solely with the client for a period of time. They aim to give the… …   Law dictionary

  • lock — Used in the context of general equities. Make a market both ways ( bid and offer) either on the bid, offering, or an in between price only. Locking on the offering occurs to attract a seller, since the trader is willing to pay (and ask) the… …   Financial and business terms

  • lock — lock1 W3S2 [lɔk US la:k] v ▬▬▬▬▬▬▬ 1¦(fasten something)¦ 2¦(keep in a safe place)¦ 3¦(fixed position)¦ 4¦(fixed situation)¦ 5 be locked in battle/combat/dispute etc 6 lock arms 7 lock horns (with somebody) Phrasal verbs  lock… …   Dictionary of contemporary English

  • exclusivity agreement — Also known as lock out agreement, shut out agreement or no shop agreement. Agreements which are used to try to ensure that the other party to a prospective deal negotiates solely with the client for a period of time. They aim to give the client… …   Law dictionary

  • no-shop agreement — Also known as exclusivity agreement, shut out agreement or lock out agreement. Agreements which are used to try to ensure that the other party to a prospective deal negotiates solely with the client for a period of time. They aim to give the… …   Law dictionary

  • Charles Lock — Not to be confused with Charles Locke (disambiguation). Charles Lock Born 1770 Died 12 September 1804 (aged 33–34) Malta Cause of death Plague Resting place Malta …   Wikipedia

  • SIM lock — A SIM lock, simlock, network lock or subsidy lock is a capability built into GSM phones by mobile phone manufacturers. Network providers use this capability to restrict the use of these phones to specific countries and network providers.… …   Wikipedia

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