I work on Contract D... • 1d
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 minority — get to tag along and sell your shares on the same terms. It’s your way to avoid being left behind when the big exit happens. But here’s the kicker: these rights are only valid if they’re in both your Shareholders Agreement and Articles of Association. More such founder-friendly breakdowns coming soon — follow to stay ahead.
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... • 2d
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
See MoreHonorary Mentions - ... • 1y
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
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