This is a template for an exclusivity letter for a prospective business and asset purchase.
The template is for an exclusivity letter for a potential asset purchase agreement between a buyer and seller. It outlines the terms of granting exclusivity to the buyer, including restrictions on engaging with third parties ('lock-out'), providing access for due diligence, and the seller's agreement to terminate all third-party negotiations. The letter specifies the duration of the exclusivity period, conditions for termination, injunctive relief in case of breach, and the legally binding nature of the agreement. It also covers confidentiality, costs responsibilities, governing law, and jurisdiction details. The document emphasises the buyer's exclusive rights to negotiate and proceed with the transaction without interference from other parties, ensuring a secure environment for the acquisition process.
It is important to note that this document is a template and should be customised to fit the specific needs and circumstances of the parties.
Also download:
Heads of Terms (private business and asset purchase) template
Confidentiality Letter (asset purchase) template
Business & Asset Sale Agreement template
These templates are supplied subject to our Terms of Sale
Note: This publication does not necessarily deal with every important topic, nor cover every aspect of the topics with which it deals. Templates do not include or provide legal or other advice to users. They are designed to provide a head-start to the development of a commercial agreement and are not the finished article. They require careful reading, analysis and customisation in order to meet the particular needs of the parties to the document.
All templates and other documents downloaded from this website are subject to our Terms of Sale.
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