{"iri":"https://folio.openlegalstandard.org/RCJ5C096Y1Os0YHlEC3q4Dx","label":"Locked Box Pricing","sub_class_of":["https://folio.openlegalstandard.org/RBUtAfKXfMN4dku9MsqeFjW"],"parent_class_of":[],"is_defined_by":null,"see_also":[],"comment":null,"deprecated":false,"preferred_label":null,"alternative_labels":["Fixed Price Mechanism","Locked Box Date Mechanism","Pre-Determined Price Mechanism"],"translations":{},"hidden_label":null,"definition":"Locked Box is a pricing mechanism in M&A transactions where the purchase price is based on the target company's financial statements at a specified historical date, known as the locked box date. From this date to the closing date, the seller is prohibited from extracting value from the company, ensuring price certainty and protecting the buyer against financial deterioration.","examples":["The Locked Box Mechanism simplifies the transaction by eliminating the need for post-closing adjustments."],"notes":[],"history_note":null,"editorial_note":null,"in_scheme":null,"identifier":null,"description":null,"source":null,"country":null}