Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
lockup option
A defense against a corporate takeover, in which a friendly party is entitled to buy parts of a corporation for a set price when a person or group acquires a certain percentage of the corporation's shares. ( An agreement of this kind may be illegal, to the extent it is not undertaken to serve the best interests of the shareholders. - Often shortened to lockup.