No-Shop Clause
Definición
A no-shop clause in a term sheet forbids the company from soliciting or negotiating competing offers for a set period, typically 30 to 60 days, while the investor completes diligence.
Cómo aparece en el fundraising
Signing a term sheet with a no-shop effectively ends your process; get competing term sheets on the table before signing, not after.
Preguntas frecuentes
Are no-shop clauses negotiable?
The duration is: shorter windows (30 days) protect founders from being tied up by a slow investor.
Is the term sheet itself binding?
Mostly not, except clauses like no-shop and confidentiality; the economic terms bind only at closing documents.
Términos relacionados
Pon este término en práctica
Las definiciones solo ganan negociaciones cuando estás en una. Encuentra los inversores que financian tu etapa y empieza la conversación.
Explora la base de datos de inversores