Lockins
Definitions
- (n.) Agreements or conditions that prevent a party from switching suppliers, service providers, or agreements, often used in commercial or contractual contexts.
The contract included lockins that bound the client to the service provider for three years.
Forms
- lockin
Related terms
See also
Commentary
Lockins typically appear as contractual provisions to limit a party's ability to terminate or change agreements, ensuring stability or exclusivity in business relations.
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.