Law Dictionary

standstill agreement

noun stand·still agreement \ ˈstand-ˌstil- \

legal Definition of standstill agreement

:an agreement providing for the preservation of the status quo for a specified or indefinite period: as
a :an agreement under which litigation is forestalled between two parties
b :an agreement under which a party agrees to refrain from taking further steps to acquire control of a corporation (as by additional purchases of stock)

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