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 some protection from another party outbidding him.
+ exclusivity agreement
USA
In the context of bankruptcy, Also known as period of exclusivity and in the context of mergers and acquisitions, Also known as an exclusivity agreement and exclusivity period.
+ exclusivity agreement
USA
exclusivity agreement Also known as exclusivity.
A type of agreement (sometimes found in a term sheet or confidentiality agreement) limiting the seller's ability to solicit an offer from or negotiate with a third party during a specified time period. An exclusivity agreement protects a buyer against being outbid by another party.
For more information on exclusivity agreements, see Practice Note, Exclusivity Agreements () and Standard Document, Exclusivity Agreement (()).
See

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

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