lock-in agreement

lock-in agreement
An agreement that the parties will lock themselves into negotiations to negotiate in good faith, sometimes subject to a time limit. Such agreements have been held to be unenforceable in the UK.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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  • lock-up — ˈlock up adjective FINANCE 1. lock up agreement/​pact an agreement by which money is invested in such a way that it cannot be used for a period of time 2. lock up period a period of time during which money is invested in such a way that it cannot …   Financial and business terms

  • Lock-up provision — is a term used in corporate finance which refers to the option granted by a seller to a buyer to purchase a target company’s stock as a prelude to a takeover. The major or controlling shareholder is then effectively locked up and is not free to… …   Wikipedia

  • lock-in — UK US /ˈlɒkɪn/ US  /ˈlɑːk / noun [C] UK INFORMAL PROPERTY, STOCK MARKET ► a length of time during which you are not allowed to end a financial agreement: »Your new mortgage may have a long lock in period. »There are no lock ins with our financial …   Financial and business terms

  • lock-ups — irrevocable undertaking Also known as a lock up. A binding agreement by a target shareholder to accept a takeover offer. An irrevocable undertaking may be either hard (binding in all circumstances), soft (ceases to be binding if a higher offer… …   Law dictionary

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