Jul 5, 2007 11:02
17 yrs ago
3 viewers *
English term
tag and drag alone
English to Spanish
Law/Patents
Law: Contract(s)
The agreement includes “tag and drag alone” clauses.
Proposed translations
(Spanish)
| 5 +1 | derecho de tanteo (o derecho optativo de compra), obligación de compra |
Kathleen Shelly
|
Proposed translations
+1
26 mins
Kathleen Shelly
Native in English
&
Spanish
Works in field
Prompt...Precise...Polished
Native in: English 
, Spanish
Works in: English to Spanish, Spanish to English
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4
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derecho de tanteo (o derecho optativo de compra), obligación de compra
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Discussion
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.