Don’t be confused or intimidated by any terms or abbreviations in the M&A world. You’ll find answers here.
A clause included in a letter of intent that permits the seller to continue marketing their company for sale and negotiating with prospective buyers.
Letter of intent (LOI).
A no-shop clause precludes a seller from continuing to solicit offers, while a go-shop clause permits a seller to continue doing so. There are various permutations of no-shops and go-shops. They come in multiple forms with a variety of restrictions and permissions.
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