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.
Hawaii Standstill Agreement
Category:
State:
Multi-State
Control #:
US-OL19035B
Format:
Word;
PDF
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FAQ
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.
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).
It has advantages and can ease the pressure associated with limitation deadlines. It allows parties time to consider the merits of the claim and/or the defence; and gives some breathing space to explore a resolution without needing to spend otherwise unnecessary time and costs heading down the route of litigation.
How long does a standstill contract last? A standstill contract depends on the time both companies agree. Typically, the agreement lasts for three to six months but may be longer or shorter, depending on the circumstances.
In a ?standstill clause? the parties to a trade agreement commit to keeping the market at least as open in the future as it was as at the time of conclusion of the agreement.
An investor makes a purchase of shares in a company which brings their holdings to 45%. Concerned about the potential for a controlling share takeover by the investor, the company enters negotiations over a standstill, which prevents further purchasing beyond this point.
Uses of Standstill Agreements Some of its application are as follows: A standstill agreement can be used between a lender and borrower. It gives the borrower time to restructure its liabilities. In contrast, the lender provides some moratorium on the payment of interest or principal on loan.
In a ?standstill clause? the parties to a trade agreement commit to keeping the market at least as open in the future as it was as at the time of conclusion of the agreement.