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 client some protection from another party outbidding him.
Related links

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

Look at other dictionaries:

  • lock out agreement — exclusive negotiating period/lock out agreement Agreement by the seller or both parties not to enter into negotiations with any third party that might jeopardise the acquisition for a certain period of time. The length of exclusivity must be… …   Law dictionary

  • exclusive negotiating period/lock out agreement — Agreement by the seller or both parties not to enter into negotiations with any third party that might jeopardise the acquisition for a certain period of time. The length of exclusivity must be reasonable based on the nature of the deal and time… …   Law dictionary

  • lock out — verb prevent employees from working during a strike • Derivationally related forms: ↑lockout • Hypernyms: ↑exclude, ↑keep out, ↑shut out, ↑shut • Verb Frames: Somebody s somebody …   Useful english dictionary

  • 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… …   Law dictionary

  • lock — Used in the context of general equities. Make a market both ways ( bid and offer) either on the bid, offering, or an in between price only. Locking on the offering occurs to attract a seller, since the trader is willing to pay (and ask) the… …   Financial and business terms

  • lock — lock1 W3S2 [lɔk US la:k] v ▬▬▬▬▬▬▬ 1¦(fasten something)¦ 2¦(keep in a safe place)¦ 3¦(fixed position)¦ 4¦(fixed situation)¦ 5 be locked in battle/combat/dispute etc 6 lock arms 7 lock horns (with somebody) Phrasal verbs  lock… …   Dictionary of contemporary English

  • 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

  • Charles Lock — Not to be confused with Charles Locke (disambiguation). Charles Lock Born 1770 Died 12 September 1804 (aged 33–34) Malta Cause of death Plague Resting place Malta …   Wikipedia

  • SIM lock — A SIM lock, simlock, network lock or subsidy lock is a capability built into GSM phones by mobile phone manufacturers. Network providers use this capability to restrict the use of these phones to specific countries and network providers.… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”