Tag-along right
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Tag-Along Right is a legal concept in corporate law. The right assures that if majority shareholder sells his stake, minority holders have the right to join the deal and sell their stake at the same terms and conditions as would apply to the majority shareholder. This right protects minority shareholders.[1] Tag-along rights are fairly standard terms in shareholders agreement.
[edit] See also
- Drag-along right, the opposite concept
- Pre-emption right
- Right of first refusal
[edit] References
[edit] External links
- São Paulo Stock Exchange
- Sample Business Contracts TAG-ALONG AGREEMENT
- The Dark Side of Drag-Along/Tag-Along Rights
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