# No-Shop Covenant - Fiduciary Exception

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

## Labels

**Translations:**

- de-de: Kein-Shop-Pakt - Treuhänderische Ausnahme
- en-gb: No-Shop Covenant - Fiduciary Exception
- es-es: Covenant de no compras - Excepción fiduciaria
- es-mx: Covenant de no compras - Excepción fiduciaria
- fr-fr: Clause de non-shopping - Exception fiduciaire
- 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
- pt-br: Covenants de não-compra - Exceção fiduciária
- zh-cn: 不购物契约 - 受托人例外

## 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.

## Sub Class Of

- https://folio.openlegalstandard.org/R9MVhcSKkXJDVsx44Ww5zfU

## Parent Class Of

- https://folio.openlegalstandard.org/R82ikX2gSG3Kyc0OXqOpZve
- https://folio.openlegalstandard.org/RB9kHJwRBkXjBRaeSNiyPWY

**Deprecated:** False