Exclusivity Agreement: share purchase (short)
A short form exclusivity agreement, in the form of a letter agreement, for use in a share purchase transaction where the seller undertakes to the buyer not to negotiate with, or sell the target company to, another buyer for a specified period.
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When do I use this document?
- for a share 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
- rights and remedies for the buyer, including indemnity for breach and indemnity for costs
What other documents are there?
For a longer form of exclusivity agreement for a share purchase transaction, see
When do I use this document?
- for a share 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
- rights and remedies for the buyer, including indemnity for breach and indemnity for costs
What other documents are there?
For a longer form of exclusivity agreement for a share purchase transaction, see
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Updated by a lawyer on 03/09/2024
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