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No-Shop Clause

No-Shop Clause defined: A no-shop clause is a clause preventing the owner of the target company from attempting to sell the business to someone else while the two named parties are negotiating. The no-shop provision is good for a set period of time, such as 60 days, negotiated between the parties.

Above is a definition for “No-Shop Clause” from PrivCo’s Private Company Knowledge Bank, the definitive online and e-book guide to private companies and private company deals.

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