Venture Deals · glossary

Exclusivity

A promise not to talk to other investors for a fixed period, also called a lock-out agreement. A court will enforce it if the period has an end date, unlike a bare promise to negotiate in good faith. Solaris gave Meridian eight weeks, the time the regulator needed. Chapter 6

Explained in Chapter 6, The Term Sheet and the Document Set, of Venture Deals.

The main page for this term is Exclusivity (lock-out), in M&A Foundations.

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