Lock-Up Agreement (IPO)

Lock-up agreements are typically used in the context of a securities offering to prohibit insiders, such as directors, executive officers, and significant shareholders, from selling their shares too soon after the closing of the offering. Although the overall agreement is relatively simple, it remains a key document that helps to stabilize the market for the company’s shares immediately post-IPO. It also contains commonly-negotiated terms, carve-outs, and waivers for certain parties for a portion of their shares. Use this template to draft a lock-up agreement that works for your client’s upcoming offering.

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Related Content

• Top 10 Practice Tips: Lock-Up Agreements
  Get hard-won insights about a lock-up’s length, parties, securities, carve-outs, and other terms.

• Press Release (IPO Lock-up Waiver)
  Publicly announce a lock-up waiver as least two days prior to the waiver becoming effective.

• Lock-Up Waiver (IPO)
  Help selling shareholders in an offering receive a waiver from the lock-up agreement, allowing them to sell their shares sooner.

• Securities Offerings Agreements Video
  Get a look at the most important agreements you’ll commonly encounter in a securities offering.

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