Non-Exclusive Agreement
定义
A non-exclusive agreement lets both parties work with other partners, investors, or advisors on the same subject matter at the same time, the opposite of an exclusivity or no-shop clause.
它在融资中如何出现
Founders should push for non-exclusive terms with advisors, brokers, and early conversations wherever possible, reserving exclusivity for the no-shop period tied to a signed term sheet.
常见问题
When should a founder avoid signing an exclusive agreement?
Before there is a firm offer on the table. Broad exclusivity early in a process limits options with no guaranteed benefit in return.
Are fundraising engagements with bankers usually exclusive?
Often yes, for a defined period and scope, so founders should negotiate the term length and carve-outs carefully before signing.