shut-out agreement

shut-out agreement
Also known as exclusivity agreement, lock-out agreement or no-shop agreement. Agreements which are used to try to ensure that the other party to a prospective deal negotiates solely with the client for a period of time. They aim to give the client some protection from another party outbidding him.
Related links

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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  • lock-out agreement — Also known as exclusivity agreement, shut out agreement or no shop agreement. Agreements which are used to try to ensure that the other party to a prospective deal negotiates solely with the client for a period of time. They aim to give the… …   Law dictionary

  • exclusivity agreement — Also known as lock out agreement, shut out agreement or no shop agreement. Agreements which are used to try to ensure that the other party to a prospective deal negotiates solely with the client for a period of time. They aim to give the client… …   Law dictionary

  • no-shop agreement — Also known as exclusivity agreement, shut out agreement or lock out agreement. Agreements which are used to try to ensure that the other party to a prospective deal negotiates solely with the client for a period of time. They aim to give the… …   Law dictionary

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