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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