Standstill Agreement For Limitation
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How to fill out Standstill Agreement For Limitation?
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FAQ
For purposes of this Agreement, Stand-Still Period means the period beginning on the Effective Date and ending on the date six (6) months after the Effective Date. 2. New Affiliates/Assignment of Patents/Change of Affiliate Status.
Standstill agreement refers to any agreement between the parties to refrain from taking further action. In a standstill agreement a party agrees to refrain from further attempts to take over a corporation for a specified period, or by which financial institutions agree not to call bonds or loans when due.
A standstill agreement is a contract that contains provisions that govern how a bidder of a company can purchase, dispose of, or vote stock of the target company. A standstill agreement can effectively stall or stop the process of a hostile takeover if the parties cannot negotiate a friendly deal.
An agreement in which a hostile bidder agrees to limit its holdings in a target company. A standstill agreement stops the takeover bid from progressing for a period of time.
To conclude, there is no law which expressly bars parties from agreeing for increase in the time period given in the law of limitation.