Colorado Standstill Agreement

State:
Multi-State
Control #:
US-OL19035B
Format:
Word; 
PDF
Instant download

Description

This office lease form is an agreement between the tenant and the landlord agree that it is in their mutual best interests to resolve any disputes arising under the lease privately and without any litigation or other formal dispute resolution proceedings.

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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 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.

What is a Standstill Agreement? A standstill agreement refers to a contract that contains provisions that direct how a bidder of a company can buy or sell a stock of the target company. It can effectively delay or stop the process of a hostile takeover if the parties cannot settle a friendly deal.

The standstill agreement prevents these potential buyers from publicly announcing a bid for the target, without first acquiring the consent of the target (the public company exploring a sale). In this sense, the standstill agreement is seen to help the target company control the bidding process. October 19, 2022.

What is a Standstill Agreement? A standstill agreement refers to a contract that contains provisions that direct how a bidder of a company can buy or sell a stock of the target company. It can effectively delay or stop the process of a hostile takeover if the parties cannot settle a friendly deal.

Representatives sign the document to secure the agreement. An organization may include multiple signatories or a single representative signing on its behalf. This verifies that both parties have seen the document and agree to its conditions.

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).

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%).

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Colorado Standstill Agreement