Lock-out agreements“Decision. The House of Lords distinguished lock-in agreements and lock-out agreements. Lock-in agreements, where parties expressly agree to negotiate with each other, are unenforceable because they are “agreements to agree”, and therefore lack certainty. Lock-out agreements can on the other hand constitute valid, binding contracts:”https://uk.practicallaw.thomsonreuters.com/5-100-4523?transitionType=Default&contextData=(sc.Default)&firstPage=true
Exclusivity Agreement“A lock-out agreement is fundamentally a negative […]