tag along rights Play

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    • a contract term providing that if a majority shareholder sells its stake in a company then the minority shareholder has the right to join the sale and sell its minority stake
      When a shareholder seeks to sell its interest to a third party, tag-along rights enable another shareholder to co-sell its stake in the company under the same conditions as the selling shareholder. Play
    Other

    • piggy back rights Play
    • piggy-back rights
    • tag-along rights
    • co-sale rights
    Phrase Bank

    • During the tag-along period, in the event the sellers propose to make a tag-along sale each of the purchasers shall have the right to participate (a tag-along right).
    • If Easteline does not exercise these tag-along rights, then Fantele has the option to compel such transfer by exercising its drag along rights.