Purchase Agreement: No-shop Provision | Practical Law

Purchase Agreement: No-shop Provision | Practical Law

This Standard Clause contains a covenant that restricts the seller from soliciting other potential buyers after the purchase agreement is signed. This covenant can be used with a private stock purchase, asset purchase, or merger. This Standard Clause has integrated notes with important explanations and drafting and negotiating tips.

Purchase Agreement: No-shop Provision

Practical Law Standard Clauses 0-383-9977 (Approx. 7 pages)

Purchase Agreement: No-shop Provision

by Practical Law Corporate & Securities
MaintainedUSA (National/Federal)
This Standard Clause contains a covenant that restricts the seller from soliciting other potential buyers after the purchase agreement is signed. This covenant can be used with a private stock purchase, asset purchase, or merger. This Standard Clause has integrated notes with important explanations and drafting and negotiating tips.