Exclusivity
A provision in an agreement, such as a term sheet or letter of intent, in which the prospective seller agrees not to solicit offers or negotiate with other potential buyers for a specific period of time.
See Also
Go-shop, letter of intent.
Tips
Nearly all buyers of companies in the middle market require exclusivity.
Related Resources
Selling Your Business?
Work with an industry leader that gets you results.
We invested over a decade perfecting every step of the process. The result is a method proven to reduce your risk and maximize your price.
View Our Process Now