Exclusivity period
Also called: exclusive negotiation period
ELI5
Only one party can negotiate the deal for a while.
Used in conversation
“The exclusivity period creates risk if diligence drags.”
Definition
A period during which one investor or buyer has exclusive negotiation rights.
Here “Exclusivity period” means: A period during which one investor or buyer has exclusive negotiation rights.
Pitch context
You will see “Exclusivity period” in fundraising decks, data rooms, term sheets and investor conversations when the discussion reaches fundraising process & investor pipeline.
Why it matters: In fundraising process & investor pipeline, a loose definition can change rights, obligations, approval, disclosure or enforceability.
Caution
Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.
Sources & evidence · 6
Direct term-level sources and supporting source families.
- Y Combinator — The Handshake Deal ProtocolDirect source · practitioner · checked 2026-08-16
- National Venture Capital Association — Model Legal DocumentsDirect source · institutional · checked 2026-08-16
- U.S. Securities and Exchange Commission — Small Business Capital Formation GlossaryDirect source · primary · checked 2026-08-16
- U.S. Securities and Exchange Commission — Exempt OfferingsSupporting source family · primary · checked 2026-08-16
- Y Combinator — Safe financing documentsSupporting source family · practitioner · checked 2026-08-16
- Y Combinator — Series A Term Sheet TemplateSupporting source family · practitioner · checked 2026-08-16