Fiduciary Out

Description

This AI field captures a target board of directors’ right to change its recommendation or otherwise take action in response to a superior proposal or an intervening event where failure to do so would be inconsistent with its fiduciary duties and/or applicable law.

Jurisdiction

  • Canada (Alberta, British Columbia, Ontario, and Quebec)
  • United States (Delaware, and New York)

Document Types

  • 40% Equity Related Agt
  • 36% M&A Supplemental Agt
  • 24% M&A Purchase Agt

Tags

  • M&A Deal Points (Public Target)

Language

  • 100% English