co-sale right

co-sale right
Also known as piggyback rights. Common provisions in joint venture or private equity agreements, which enable certain shareholders (usually minority shareholders) to force other shareholders (who wish to sell their shares) to procure an offer for the shares benefiting from the rights. The tag along rights act as protection for the minority holders in case the majority chooses not to exercise its drag along rights.
Related links
+ tag along rights / piggyback rights / co-sale rights
Tag-along rights are the right to participate in another person's negotiated sale of its equity. They enable certain equity holders to force a selling equity holder to include their equity in the sale on a pro rata basis. They are common provisions in stockholders agreements and LLC agreements and act as protection for the minority holders.
Related links

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Игры ⚽ Поможем написать реферат

Look at other dictionaries:

  • Right of first refusal — (ROFR or RFR) is a contractual right that gives its holder the option to enter a business transaction with the owner of something, according to specified terms, before the owner is entitled to enter into that transaction with a third party. In… …   Wikipedia

  • SALE — (Heb. מְכִירָה, mekhirah). Sale may be defined as the permanent transfer for consideration of existing legal rights from one person to another. The consideration may be in money or in kind. By extension the term sale is also used to denote a… …   Encyclopedia of Judaism

  • Sale Sharks — Saltar a navegación, búsqueda Sale Sharks R.U. Nombre completo Sale Sharks Rugby Union Fundación 1861 Estadio Edgeley Park Salé (11,000 personas) …   Wikipedia Español

  • Right Said Fred — (Wien 2008) …   Deutsch Wikipedia

  • right — / rīt/ n [Old English riht, from riht righteous] 1 a: qualities (as adherence to duty or obedience to lawful authority) that together constitute the ideal of moral propriety or merit moral approval b: something that is morally just able to… …   Law dictionary

  • sale as seen — ˌsale as ˈseen noun sales as seen PLURALFORM [countable, uncountable] COMMERCE when a seller does not promise that the goods he or she is selling are in good condition or are right for a particular purpose * * * sale as seen UK ► used to say that …   Financial and business terms

  • right of first refusal — right of first re·fus·al / ri fyü zəl/: the right to have the first opportunity to purchase property upon the owner s decision to sell at the same terms offered by a third party or at predetermined terms – called also preemptive right; Merriam… …   Law dictionary

  • Right Said Fred — Жанр поп музыка Годы с 1989 Страна …   Википедия

  • right of pre-emption — Also known as a right of first refusal. This is the right to be offered a property first, should the owner decide to dispose of it. Such a right may be agreed expressly between parties, or it may arise under statute. A right of pre emption will… …   Law dictionary

  • right of preemption — Also known as a right of first refusal. This is the right to be offered a property first, should the owner decide to dispose of it. Such a right may be agreed expressly between parties, or it may arise under statute. A right of pre emption will… …   Law dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”