Close X

No-Shop

  • Term

    Main definition

  • No-Shop

    A provision in an agreement (or letter of intent) whereby the company (and those controlling its ownership) agrees not to market itself to, or solicit or encourage other investment (or acquisition) proposals from, other potential investors (or buyers) during a specified period by agreeing to a no-shop clause, the company gives the investor (or acquirer) (party to the agreement) an exclusive right during the agreed period to negotiate and enter into a definitive agreement with the company.

Contact us Today

The Nick Yocca Law Firm is committed to answering your questions about business law and corporate compliance matters in Orange County.

We'll gladly discuss your case with you at your convenience. Contact us today to schedule an appointment.