A standstill agreement pauses litigation steps, forbearing from filing, serving discovery, or taking other action while parties negotiate. It frequently incorporates tolling provisions preserving limitations positions.
Terms specify the standstill period and termination mechanics.
Alternative Names:
Standstill, Litigation Standstill
Why it Matters?
Standstills are used where litigation would damage a continuing commercial relationship or where an investigation must conclude before positions harden. The essential companion provision is tolling, because a standstill without it can consume the limitations period while the claimant forbears. Termination notice provisions matter equally, since a party emerging from a standstill needs time to act before deadlines resume running.
Frequently Confused with
Related terms
Frequently asked questions
Why pair a standstill with tolling?
What should termination provide?
