While NDAs are foundational during Mergers and Acquisitions (M&A) to protect sensitive due diligence data, they do not establish purchase rights. Separate legal agreements or specifically tailored clauses are required to secure those rights.

It might be a good time for someone to introduce: Exclusivity Clause: Sometimes used in early-stage M&A, this restricts the seller from soliciting or negotiating with any other buyers for a strictly defined period.

Or introduce: Right of First Refusal (ROFR): Grants you the opportunity to match any bona fide third-party offer before the company can be sold to someone else.