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