Legal English Dictionary
tag along rights
nouna 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 stakeWhen 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.
Synonyms and Other Spellings
- piggy back rights
- piggy-back rights
- tag-along rights
- co-sale rights
