Spanish translation: derecho de tanteo (o derecho optativo de compra), obligación de compra
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11:02 Jul 5, 2007
English to Spanish translations [PRO] Law/Patents - Law: Contract(s)
English term or phrase:tag and drag alone
The agreement includes “tag and drag alone” clauses.
A contractual obligation used to protect a minority shareholder (usually in a venture capital deal). Basically, if a majority shareholder sells their stake, then the minority shareholder has the right to join the transaction and sell their minority stake in the company. Also referred to as "co-sale rights".
A right that enables a majority shareholder to force a minority shareholder to join in the sale of a company. The majority owner doing the dragging must give the minority shareholder the same price, terms, and conditions as any other seller.
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26 mins confidence: peer agreement (net): +1
derecho de tanteo (o derecho optativo de compra), obligación de compra
Explanation: Already answered in this forum. See link below