no-shop clause
Definition
A clause included in an agreement or letter of intent between an owner and a prospective buyer that requires the suspension of any solicitation, discussion or negotiation with other potential buyers in a given period of time. In other words, the seller agrees to refrain from seeking alternative acquisition proposals.
Related Articles
- Steps to Take to Improve your Credit *
- Common Forex Scams *
- Common Stock Strategies - Part 3 *
- Forex Trading: Which Style is Yours? *
- What is Difference Between Direct and Indirect Tax? *
- Principles of Investing *
- Looking For and Selecting a Tax Professional *
- Tips on Retirement Planning *
Related Videos
http://www.businessdictionary.com/definition/no-shop-clause.html
