no-shop agreement

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 client some protection from another party outbidding him.
Related links

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

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  • 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

  • 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

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