Exclusivity Agreement: business purchase (long)
A comprehensive exclusivity agreement, in agreement form, for use in a business purchase transaction and under which the seller undertakes to the prospective buyer not to negotiate with, or sell its business to, another buyer for a specified period.
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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 longer form agreement with strong legal protections for the buyer
What are the key features?
- 13 clauses over 6 pages
- definitions of Exclusivity Period, Proposed Transaction, Restricted Activity and Restricted Discussions
- exclusivity undertakings from the seller in favour of the buyer
- rights and remedies for the buyer, including indemnity for breach and indemnity for costs
What other docs are there?
For a shorter 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 longer form agreement with strong legal protections for the buyer
What are the key features?
- 13 clauses over 6 pages
- definitions of Exclusivity Period, Proposed Transaction, Restricted Activity and Restricted Discussions
- exclusivity undertakings from the seller in favour of the buyer
- rights and remedies for the buyer, including indemnity for breach and indemnity for costs
What other docs are there?
For a shorter form of exclusivity agreement for a business purchase transaction, see
£35.00 exc VAT
Updated by a lawyer on 08/07/2024
- Updated By a lawyer on
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