Lock-Up Agreement | Practical Law

Lock-Up Agreement | Practical Law

A letter from the company's directors, officers, and certain stockholders that formalizes lock-up arrangements referred to in, and typically included as an exhibit to, the underwriting agreement. Parties signing lock-up agreements agree to refrain from selling issuer stock or engaging in similar transactions for a specified period of time after a securities offering. This Standard Document has integrated notes with important explanations and drafting tips.

Lock-Up Agreement

Practical Law Standard Document 0-386-6174 (Approx. 13 pages)

Lock-Up Agreement

by Practical Law Corporate & Securities
MaintainedUSA (National/Federal)
A letter from the company's directors, officers, and certain stockholders that formalizes lock-up arrangements referred to in, and typically included as an exhibit to, the underwriting agreement. Parties signing lock-up agreements agree to refrain from selling issuer stock or engaging in similar transactions for a specified period of time after a securities offering. This Standard Document has integrated notes with important explanations and drafting tips.