Latest / The Acquisition Talk with Fexingo: Mergers, Buyouts, and Business Sales for Operators
The Most Dangerous M&A Clause Nobody Reads
Lucas and Luna unpack the most overlooked trap in M&A deal documents: the restrictive covenant definition trap. When a buyer defines 'competition' too broadly, a seller can be locked out of their entire industry for years, not just their former company. They walk through a real 2025 case where a founder of a regional logistics firm was barred from working in any e-commerce-adjacent business after selling to a national player. The clause seemed boilerplate. It nearly destroyed his career. They explain why sellers must negotiate the scope — geography, duration, business activities —…
The skinny
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