Lock-up Agreement

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


 

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