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Fiduciary Termination Right

Description

This AI field captures a board of directors’ right to terminate a contemplated transaction 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
  • United States (California, Delaware, Florida, Maryland, Missouri, New York, Pennsylvania, Tennessee, and Texas)
Document Types
  • 56% M&A Purchase Agt
  • 19% Equity Related Agt
  • 19% M&A Supplemental Agt
  • 6% Other
Tags
  • M&A Deal Points (Public Target)
Language
  • 100% English