# Change of Recommendation Covenant

**IRI:** https://folio.openlegalstandard.org/R7lw1kvfDrIqvdTv04QYbIP

## Labels

**Translations:**

- de-de: Änderung der Empfehlungsklausel
- en-gb: Change of Recommendation Covenant
- es-es: Cambio del Convenio de Recomendación
- es-mx: Cambio del Convenio de Recomendación
- fr-fr: Changement de la clause de recommandation
- he-il: שינוי ברית ההמלצה
- hi-in: सिफारिश निवेदन का बदलाव
- ja-jp: 推奨規定変更
- pt-br: Alteração da Cláusula de Recomendação
- zh-cn: 建议变更契约

## Definition

A Change of Recommendation Covenant is a provision in a deal protection agreement that requires a target company's board to recommend a new offer to its shareholders, even if it is less favorable than a previous offer, in exchange for certain protections for the acquirer.

## Sub Class Of

- https://folio.openlegalstandard.org/R8S6XHMUuU5cg5gdDri7LuL

## Parent Class Of

- https://folio.openlegalstandard.org/R8rgsxWmEx8qQqXMEtuobJx
- https://folio.openlegalstandard.org/RQgpAo5GFhGAvTuB5ZwKO3

**Deprecated:** False