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.
North Dakota Standstill Agreement
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Multi-State
Control #:
US-OL19035B
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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.
Standstill agreements to extend or suspend a limitation period have become a regular feature of civil litigation. They enable the parties to focus on the pre-action protocol requirements without worrying about limitation. They can also save the cost of the court issue fee if the dispute settles pre-action.
Careful consideration must be made to ensure that the parties expressly agree the intended effect of the standstill and that the wording of the standstill agreement clearly and consistently reflects that intention.
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%).
