Latest / The Startup Exit Podcast with Fexingo: IPOs, Acquisitions, and Founder Liquidity Events
How Founders Negotiate Breakup Fees and No-Shop Clauses
When a deal falls apart, founders can lose months of work and face legal exposure. In this episode, Lucas and Luna break down the mechanics of breakup fees and no-shop clauses in acquisitions: typical percentages, reverse breakup fees, and how leverage shifts between buyer and seller. Using recent market context including the Cyera-Oasis Security acquisition and public-market volatility, they explain why these provisions matter more than ever in mid-2026. Founders will learn what to ask for at the term-sheet stage and how to avoid getting locked into a bad deal without protection…
The skinny
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