Law Dictionary

standstill agreement

noun stand·still agreement \ˈstand-ˌstil-\

Legal Definition of standstill agreement

  1. :  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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