No-Shop — Prohibition/Strict Liability
Description
This AI field captures provisions ascribing strict liability to target should any of its subsidiaries, employees, representatives, etc. breach the no-shop provision. This AI field also captures prohibited actions under the no shop provision, as well as the definition of “Representatives”.
Jurisdiction
- Canada (Alberta, British Columbia, and Ontario)
- United States (California, Delaware, Florida, Maryland, New York, Pennsylvania, and Texas)
Document Types
- 45% M&A Purchase Agt
- 29% Equity Related Agt
- 26% M&A Supplemental Agt
Tags
- M&A Deal Points (Private Target)
- M&A Deal Points (Public Target)
Language
- 100% English