Exclusivity (or lock-out) agreement

This document is a draft exclusivity or lock-out agreement.

Its aim is to provide a prospective buyer or tenant with a period for exclusive negotiations or due diligence enquiry.

It is drafted on the assumption that the seller's (or landlord's) solicitor will be responsible for the drafting of the agreement.

Before using this precedent document, it is advisable to read the drafting notes accompanying it. If you have any queries or comments about this document or the drafting notes, use the contact tab at the top of the page.