Words / N / Business

no-shop clause

noun

C2CEFR level
82/100Rarity: very rare
TechnicalRegister

A commitment barring the seller from soliciting or entertaining competing offers during exclusivity.

The no-shop clause locks them out of a bidding war for sixty days, so the due-diligence spend is worth it.

Similar: exclusivity clause, lock-out

Topic: Negotiation in Business English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More business words: Negotiation