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LSDefine

Simple English definitions for legal terms

standstill agreement

Read a random definition: casus omissus

A quick definition of standstill agreement:

A standstill agreement is when people agree to stop doing something. For example, if someone wants to take over a company, they might agree to not try to take it over for a certain amount of time. Or, if someone owes money, the people they owe money to might agree to not ask for the money back right away. It's like hitting the pause button on something.

A more thorough explanation:

A standstill agreement is a type of agreement where one party agrees to stop taking further action. This can be an agreement between two parties or more. It is often used in business to prevent hostile takeovers or to give a company time to restructure its finances.

One example of a standstill agreement is when a company agrees not to make a tender offer to take over another company for a specified period. This gives the target company time to evaluate the offer and come up with a plan to defend itself.

Another example is when financial institutions agree not to call bonds or loans when they are due. This gives the borrower time to restructure their finances and avoid defaulting on their debt.

These examples illustrate how a standstill agreement can be used to prevent aggressive actions and give parties time to negotiate and come up with a mutually beneficial solution.

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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