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[Music] lock in period [Music] a locking period means that you cannot change or modify the terms of the contract and you are bound by the terms for a specified period of time the lock-in clause is used when the parties agree on a provision that specifies a time period during which one or more parties cannot terminate the agreement if a party terminates required to pay compensation for the remaining duration of the lock-in period irrespective of the termination and non-usage of benefits of the agreement the payment clause in this agreement compensates for any presumptive loss incurred by the non-bdocHubing party as a result of premature termination therefore it cannot claim any more damages or costs from the bdocHubing party a locking could be for the entire duration of an agreement or only a part of it luckily may operate against one party or some or all the parties depending on the nature of the agreement and negotiation among the parties for example the employee undertakes not to sell
