standstill agreement

Definitions of "standstill agreement"
  1. An accord that maintains the current state of affairs for a specific or indefinite time
  2. A contract that stops legal disputes from proceeding between two parties
  3. A commitment in which one party pledges not to take additional actions to gain control over a company, such as buying more shares
How to use "standstill agreement" in a sentence
  1. The two companies signed a standstill agreement to prevent any further escalation in their business conflict.
  2. In the anticipation of a merger, the firms entered into a standstill agreement for a smooth transition.
  3. To avoid hostile takeover attempts, the company requested a prominent investor to sign a standstill agreement.

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