No-Shop Clause

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A no-shop or exclusivity provision precludes the seller from directly or indirectly soliciting other buyers for alternative offers for an agreed upon period of time. The time frame for exclusive dealings in a no-shop provision typically ranges from 45 to 90 days. In some instances, a break-up fee may be negotiated if the buyer believes the seller may breach the no-shop provision, and leave the buyer with all the costs for the dead deal.

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