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LSDefine

Simple English definitions for legal terms

takeover agreement

Read a random definition: omne quod in se erat

A quick definition of takeover agreement:

A takeover agreement is when two or more people agree on what they will do in the future. It can be about anything, like selling something or working together. Sometimes, one person can't do what they promised, so someone else steps in to do it instead. This is called a surety. A takeover agreement is a type of surety agreement.

A more thorough explanation:

A takeover agreement is a type of agreement where a surety agrees to perform the original contract in the defaulting party's place. This means that if one party fails to fulfill their obligations under the contract, the surety will step in and fulfill those obligations instead.

For example, let's say that Company A enters into a contract with Company B to provide a certain service. If Company A fails to provide the service as agreed, Company B can invoke the takeover agreement and the surety will step in and provide the service instead.

Takeover agreements are often used in situations where one party is concerned about the other party's ability to fulfill their obligations under the contract. By having a surety in place, the party can have greater confidence that the contract will be fulfilled, even if the other party defaults.

take-home pay | takeover bid

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got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
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