Reorganization Agreement
/ˌriːˌɔːrɡənaɪˈzeɪʃən əˈɡriːmənt/
Definitions
- (n.) A contractual arrangement outlining the terms and procedures for restructuring a corporation or organization, often in bankruptcy or corporate restructuring contexts.
The companies signed a reorganization agreement to facilitate the merger and restructure their operations efficiently.
Forms
- reorganization agreement
- reorganization agreements
Related terms
See also
Commentary
Often used in insolvency or corporate law, a reorganization agreement governs the rights and obligations during the restructuring process, distinct from a formal court-approved reorganization plan.
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.