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Keep Well Agreement Defined

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What is a Keep Well Agreement?

A keep well agreement is made to ensure the solvency and financial support between a parent company and a subsidiary during a period specified in the contract. Also known as letters of comfort, these agreements help the development of the subsidiary or parent company and supports the shareholders and bondholders of both companies.

If there are reliability issues regarding the subsidiary, it is also ensured that the party can fulfill its financial obligations and operate smoothly. In other words, the keep well agreement can enable a subsidiary company to stay on good terms with partners, lenders, and ultimately, the customers of their businesses.

Who Helps With Keep Well Agreements?

Lawyers with backgrounds working on keep well agreements work with clients to help. Do you need help with a keep well agreement?

Post a project in ContractsCounsel's marketplace to get free bids from lawyers to draft, review, or negotiate keep well agreements. All lawyers are vetted by our team and peer reviewed by our customers for you to explore before hiring.


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Grace C. on ContractsCounsel
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Grace C.

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I’m Grace E. Carlson, an intellectual property & transactional attorney, founder of aTMospheric IP, LLC, with over 6 years of combined law firm and in-house experience. I help businesses, startups, creators, and entrepreneurs draft, review, and negotiate commercial contracts while protecting their brands and innovations. My expertise includes SaaS agreements, MSAs, NDAs, licensing contracts, vendor and partnership agreements, as well as comprehensive trademark strategy, copyright matters, AI-related IP issues, and technology transactions. I’ve supported global companies including Robinhood, Iron Mountain, and Microsoft, and provided flexible in-house counsel through Axiom Law across fintech, SaaS, consumer goods, and data center industries. Known for translating complex legal issues into clear, practical solutions, I focus on delivering contracts that reduce risk, support go-to-market strategies, and scale with your business. Whether you need a custom SaaS agreement, trademark-integrated contracts, or AI compliance review, I provide responsive, business-minded counsel. Bar Admissions: Washington (2020) & Oregon (2021) J.D., Seattle University School of Law Let’s get your contracts and IP protections done right — efficiently and effectively.

Recent  ContractsCounsel Client  Review:
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"Grace was very easy to work with on this project. Extremely knowledgeable about the topic and gave great advice. Grace gave us a product that we are able to implement quickly! Thank you for your hard work!"

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