FOLIO Ontology

No-Shop Covenant - Fiduciary Exception

IRI:
https://folio.openlegalstandard.org/Rmv3aWwfnLGj1avQvTQulY
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Definition

A No-Shop Covenant - Fiduciary Exception is a legal agreement that allows a target company's board of directors to consider alternative acquisition offers during a specified period, despite a prior agreement with an initial bidder, if the board determines that it is in the best interest of the company and its shareholders.

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See Also

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Translations

🇫🇷 fr-fr Clause de non-shopping - Exception fiduciaire
🇪🇸 es-es Covenant de no compras - Excepción fiduciaria
🇲🇽 es-mx Covenant de no compras - Excepción fiduciaria
🇧🇷 pt-br Covenants de não-compra - Exceção fiduciária
🇩🇪 de-de Kein-Shop-Pakt - Treuhänderische Ausnahme
🇬🇧 en-gb No-Shop Covenant - Fiduciary Exception
🇮🇱 he-il הסכם לא לקנות - יוצאי דופן פידוסיארי
🇮🇳 hi-in नो-शॉप कवेनेंट - फिडूशियरी अपवाद
🇯🇵 ja-jp ノーショップ契約 - 受託者例外
🇨🇳 zh-cn 不购物契约 - 受托人例外

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Additional Information

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Source and Origin

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