no-shop agreement

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 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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  • agreement — a|gree|ment W1S1 [əˈgri:mənt] n 1.) an arrangement or promise to do something, made by two or more people, companies, organizations etc ▪ a trade agreement agreement with ▪ Does your employer have an agreement with a union? agreement on ▪ an… …   Dictionary of contemporary English

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  • closed shop — noun a company that hires only union members • Hypernyms: ↑company * * * I. noun : an establishment in which the employer by agreement hires and retains in employment only union members in good standing except that by some agreements when union… …   Useful english 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

  • 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

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