# No-Shop Covenant - Fiduciary Exception Triggering Event

**IRI:** https://folio.openlegalstandard.org/R82ikX2gSG3Kyc0OXqOpZve

## Labels

**Translations:**

- de-de: Kein-Shop-Verpflichtung - Auslösendes Ereignis der Treuepflichtausnahme
- en-gb: No-Shop Covenant - Fiduciary Exception Triggering Event
- es-es: Covenant de no compras - Evento de excepción fiduciaria desencadenante
- es-mx: Covenant de no compras - Evento de excepción fiduciaria desencadenante
- fr-fr: Clause de non-shopping - Événement déclencheur de l'exception fiduciaire
- he-il: הסכם לא לקנות - אירוע מפעיל יוצא דופן
- hi-in: नो-शॉप कवेनेंट - फिडूशियरी एक्सेप्शन ट्रिगरिंग इवेंट
- ja-jp: ノーショップ契約 - 受託者例外のトリガーイベント
- pt-br: Covenants de não-compra - Evento de disparo de exceção fiduciária
- zh-cn: 无购物契约 - 受托人例外触发事件

## Definition

A No-Shop Covenant - Fiduciary Exception Triggering Event is an exception to a no-shop covenant in a merger or acquisition agreement that allows a target company's board of directors to consider alternative acquisition proposals from third parties if they are deemed to be in the best interest of the company's shareholders.

## Sub Class Of

- https://folio.openlegalstandard.org/Rmv3aWwfnLGj1avQvTQulY

## Parent Class Of

- https://folio.openlegalstandard.org/RB7zu6Njsn59JMKa2HN3Pal
- https://folio.openlegalstandard.org/RGEgmKbY18qXXUvDzNAmv3

**Deprecated:** False

**Source:** ABA Deal Points Study