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.
Practical Law Corporate & Securities
The full text of this resource is available by logging in or by requesting a trial. If you have any questions, please contact us or your Practical Law Account Executive.
A free trial will give you:
Unlimited access to our online legal know-how services during the trial period
Full training and support
Four issues of Practical Law The Journal, the companion to Practical Law online
Weekly update e-mails on current legal developments in your practice area