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