M&A Glossary


A clause included in a letter of intent that permits the seller to continue marketing their company for sale and negotiating with prospective buyers.

See Also

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.

Related Resources

M&A Basics | The Letter of Intent

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