In this episode of The 7-Minute Takeover, we break down one of the most misunderstood parts of buying a business: the exclusivity period.An exclusivity period is a commitment from the seller — usually agreed to under a Letter of Intent (LOI) — to stop marketing the business, entertaining other offers, or sharing information with other buyers. For buyers, it creates certainty. For sellers, it can feel risky.In this episode, we cover:• What an exclusivity period actually is• Why exclusivity is critical for buyers during due diligence• Common seller objections and where those fears come from• How long exclusivity periods should last (and when shorter timelines make sense)• Using milestones and extensions to protect both sides• How buyers can build trust — including deposits and good-faith commitmentsWe also discuss how exclusivity protects buyers from spending significant hard dollars on legal, accounting, and financing costs without certainty, and how structuring exclusivity properly can turn a potential “lose-lose” into a deal that moves forward.Whether you’re buying a business or preparing to sell one, understanding exclusivity periods can make the difference between a deal that falls apart and one that closes successfully.🎧 Listen to The 7-Minute Takeover on your favourite podcast platform📺 Watch the full episode here on YouTube___________________________________________________________________________Village Wellth is where entrepreneurs go to buy and own businesses the smarter way. Buying a business is complex, and doing it alone makes it harder than it needs to be. Village Wellth exists to give buyers clarity, tools, and expert advisor guidance at every stage of the acquisition journey.From finding quality listings and understanding deal structures to navigating due diligence, financing, and seller relationships, we help buyers make better decisions and avoid costly mistakes that save them not only money but time too. Buying a business takes a village, let us be your Village. #BuyingABusiness #BusinessAcquisition #EntrepreneurMindset #VillageWellth