Lockup Option Law and Legal Definition
Lockup option refers to a defense against a corporate takeover. Under lockup option, a friendly party is entitled to buy parts of a corporation for a set price when a person or group acquires a certain percentage of the corporation’s shares. Lockup option agreement may be illegal, to the extent it is not undertaken to serve the best interests of the shareholders.
Legal Definition list
Related Legal Terms
- Abandonment [Intercountry Adoption]
- Abandonment Option
- Accredited Agency [Adoption]
- Accredited Body [Adoption]
- Accrediting Entity [Adoption]
- Adoption
- Adoption and Foster Care Analysis and Reporting System (AFCARS)
- Adoption and Safe Families Act (ASFA)
- Adoption Assistance and Child Welfare Act of 1980
- Adoption Disruption
