A lockup agreement is a legal document between the underwriters and insiders of a company prohibiting these individuals from selling any shares of stock for a specified period of time.

In 2006, Dirt Motor Sports Inc. drafted a lockup agreement to detain shareholder Paul A. Kruger from selling any of his shares of stock in order to solidify a stock purchase agreement with a number of investors. And later that year, the Platinum Research Organization Inc. drafted a lockup agreement for a similar stock purchase motive.

Both of these lockup agreements can be found on the RealDealDocs.com website, in addition to a number of other legal documents drafted by the nation’s top companies.

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