Exclusivity Agreement: business purchase (short)
A short form exclusivity agreement, in the form of a letter agreement, for use in a business purchase transaction where the seller undertakes to the prospective buyer not to negotiate with, or sell its business to, another buyer for a specified period.
Read moreWhen do I use this document?
- for a business purchase transaction
- where the seller will agree a period of exclusivity with the buyer
- for a shorter form document with principal legal protections for the buyer
What are the key features?
- 12 paragraphs over 2 pages
- definition of Exclusivity Period
- exclusivity undertakings from the seller in favour of the buyer
- indemnity for breach and indemnity for costs
What other docs are there?
For a longer form of exclusivity agreement for a business purchase transaction, see
When do I use this document?
- for a business purchase transaction
- where the seller will agree a period of exclusivity with the buyer
- for a shorter form document with principal legal protections for the buyer
What are the key features?
- 12 paragraphs over 2 pages
- definition of Exclusivity Period
- exclusivity undertakings from the seller in favour of the buyer
- indemnity for breach and indemnity for costs
What other docs are there?
For a longer form of exclusivity agreement for a business purchase transaction, see
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Updated by a lawyer on 08/07/2024
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