12:43 Feb 22, 2006 |
Spanish to English translations [PRO] Law/Patents - Law: Contract(s) | |||||
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| Selected response from: John Rynne Local time: 02:17 | ||||
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Summary of answers provided | ||||
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5 | tag-along right |
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5 | Tag-Along Rights |
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tag-along right Explanation: 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" See also "drag-along right", which is the other way around Reference: http://www.investopedia.com/terms/t/tagalongrights.asp |
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Tag-Along Rights Explanation: Eran raros los supuestos en los que los nuevos inversores se reservaban privilegios que fuesen más allá de los clásicos derechos de veto en la Junta de Accionistas y en el Consejo, un derecho de adquisición preferente, o un derecho de acompañamiento en caso de transmisión de acciones ("tag along") que en determinados casos se convertía en la facultad de imponer la transmisión al resto de accionistas ("drag along"). http://www.togas.biz/togas45/perezllorca.htm Tag-Along Rights What does it Mean? 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". Investopedia Says... Tag-alongs effectively oblige the majority shareholder to include the holdings of the minority holder in the negotiations in order to facilitate the possibility that a tag-along right is exercised. http://www.investopedia.com/terms/t/tagalongrights.asp |
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