Lockin
/ˈlɒkɪn/
Definitions
- (n.) A contractual provision that restricts a party from changing or terminating a relationship or arrangement within a stipulated period.
The shareholders agreed to a lockin period preventing them from selling their shares for five years.
- (adj.) Relating to or characterized by such restrictions or periods where withdrawal or changes are prohibited.
The lockin clause in the employment contract prevents resignation without notice.
Forms
- lock-in
Related terms
See also
Commentary
Lockin provisions are often used to ensure stability in business and investment contexts; drafters should clearly specify duration and scope to avoid enforceability issues.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.