Wind-Up
/ˈwɪnd ʌp/
Definitions
- (n.) The process of dissolving or liquidating a company, settling its accounts, and distributing its assets.
The board called for the wind-up of the corporation following insolvency.
- (n.) A contractual provision allowing for termination or conclusion of an agreement or arrangement.
The agreement contained a wind-up clause specifying conditions for termination.
Forms
- wind-ups
Related terms
See also
Commentary
In legal contexts, 'wind-up' typically refers to company dissolution or contractual termination, requiring careful distinction in drafting to clarify context.
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.