Glossary

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

M&A Basics | The Term Sheet

M&A Basics | The Letter of Intent

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