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.

Look at other dictionaries:

  • lock-up agreement — USA An agreement between a company or the underwriters on the one hand, and a stockholder on the other hand, that is executed in the course of a registered securities offering. In the lock up agreement, the stockholder agrees that it will not… …   Law dictionary

  • lock out agreement — exclusive negotiating period/lock out agreement Agreement by the seller or both parties not to enter into negotiations with any third party that might jeopardise the acquisition for a certain period of time. The length of exclusivity must be… …   Law dictionary

  • lock-out agreement — Also known as exclusivity agreement, shut out agreement or no shop agreement. Agreements which are used to try to ensure that the other party to a prospective deal negotiates solely with the client for a period of time. They aim to give the… …   Law dictionary

  • Lock-Up Agreement — A legally binding contract between the underwriters and insiders of a company prohibiting these individuals from selling any shares of stock for a specified period of time. Lock up periods typically last 180 days (six months) but can on occasion… …   Investment dictionary

  • exclusive negotiating period/lock out agreement — Agreement by the seller or both parties not to enter into negotiations with any third party that might jeopardise the acquisition for a certain period of time. The length of exclusivity must be reasonable based on the nature of the deal and time… …   Law dictionary

  • 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

  • lock-up — 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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