Mississippi Standstill Agreement of Grossmans, Inc. - Internal agreement regarding shareholders of single company

State:
Multi-State
Control #:
US-CC-24-451B-2
Format:
Word; 
Rich Text
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This sample form, a detailed Standstill Agreement document, is a model for use in corporate matters. The language is easily adapted to fit your specific circumstances. Available in several standard formats.
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FAQ

A standstill agreement prevents a party from issuing proceedings during the currency of that agreement. As such a standstill agreement is a voluntary contractual arrangement between the parties to pause limitation for an agreed length of time (typically 3-6 months).

: an agreement under which litigation is forestalled between two parties. : 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)

Example: if a party, in a trade agreement, commits to allowing 30% foreign ownership in domestic companies and later on decides unilaterally to allow 40%, the party can re-introduce the original level of 30% whenever it wishes (but it cannot restrict further below 30%).

A standstill agreement prevents a party from issuing proceedings during the currency of that agreement. As such a standstill agreement is a voluntary contractual arrangement between the parties to pause limitation for an agreed length of time (typically 3-6 months).

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.

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Mississippi Standstill Agreement of Grossmans, Inc. - Internal agreement regarding shareholders of single company