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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