standstill agreement

noun

stand·​still agreement
ˈstand-ˌstil-
: 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)

Dictionary Entries Near standstill agreement

Cite this Entry

“Standstill agreement.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/standstill%20agreement. Accessed 27 Feb. 2024.

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