I work on Contract D... • 1m
Ever been part of a group trip where one person books the tickets — and everyone else has to follow along, even if they didn’t fully agree? That’s pretty much what Drag Along Rights do in the startup world. If a majority shareholder decides to sell the company, they can drag the minority shareholders along — forcing them to sell their shares too, usually to a new buyer during an acquisition. It protects the majority from being blocked by a few holdouts. But remember — it only works if it’s written into your Shareholders Agreement and Articles of Association. More such plain-English breakdowns coming up in this series. Follow for more! #StartupLaw #DragAlongRights #FoundersGuide #TermSheetTips
Honorary Mentions - ... • 1y
As a founder, your startup is your baby. But what about when that Golden Exit opportunity appears? Drag-Along Rights in your Shareholder Agreement(SHA) are crucial for ensuring a smooth acquisition process. What are Drag-Along Rights? They empower
See MoreI work on Contract D... • 1m
Ever seen someone get a wedding invite — and they bring a plus-one who wasn’t invited but gets all the same perks? That’s exactly what Tag Along Rights do for minority shareholders. If the majority is selling their stake to an investor, you — as a mi
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We've covered dilation and the Board of Directors(BOD). Now, let's delve into Tag-Along Rights—An Essential Topic Imagine your startup takes off! A major player wants to buy the company, and your majority shareholder is ready to cash in. But what ab
See MoreHey I am on Medial • 11m
Do you know, We often follow the majority in our thoughts and actions, a behavior known as "social conformity." This happens because we don't want to feel left out or judged. But going along with the crowd isn't always the right choice. Groupthink ca
See MoreWordpress Developer ... • 1y
🚀 Hey everyone! I'm kicking off a new challenge: 50 Days, 50 Side Hustles! Follow me on this journey to explore different ways to make money and have fun along the way. Who's ready to join me? Hit that follow button and let's hustle together! 💼💪 #
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