Tag-Along Notice definition: Copy, customize, and use instantly
Introduction
The term "Tag-Along Notice" refers to a notification provided in a contractual agreement that allows a minority shareholder to require the majority shareholder to include them in a sale of shares or assets. This provision ensures that minority shareholders are not left behind in significant transactions, enabling them to "Tag Along Notice" with the majority in certain sales or transfers.
Below are various examples of how "Tag-Along Notice" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Tag-Along Notice" as shareholder protection
This definition ties "Tag-Along Notice" to the protection of minority shareholders.
"Tag-Along Notice" means a written notice from the majority shareholder to the minority shareholder, informing them of the intent to sell shares and providing the option for the minority shareholder to sell a proportional amount of shares under the same terms.
Definition of "Tag-Along Notice" as sale of shares
This definition connects "Tag-Along Notice" to a sale of shares in a corporation.
"Tag-Along Notice" refers to a notification given to a shareholder by the selling party, outlining the terms of a proposed sale and offering the shareholder the right to participate in the sale on the same terms and conditions.
Definition of "Tag-Along Notice" as business transaction
This definition links "Tag-Along Notice" to business transactions that involve share transfers.
"Tag-Along Notice" means the formal notification provided by the selling party to other shareholders, detailing the terms and conditions of a sale and allowing those shareholders to sell their own shares in the same transaction.
Definition of "Tag-Along Notice" as investor rights
This definition applies "Tag-Along Notice" to investor protections.
"Tag-Along Notice" refers to a written communication sent by the majority shareholders to inform minority investors about an impending sale, giving them the right to "tag along" and sell their shares on the same terms.
Definition of "Tag-Along Notice" as contractual obligation
This definition ties "Tag-Along Notice" to the terms of a contractual agreement.
"Tag-Along Notice" means a requirement in the shareholder agreement that the majority shareholder must notify the minority shareholders of their intention to sell, providing them with an option to sell their shares under the same terms.
Definition of "Tag-Along Notice" as sale opportunity
This definition connects "Tag-Along Notice" to providing a sale opportunity to minority shareholders.
"Tag-Along Notice" refers to the notice issued by the majority shareholder to the minority shareholders, offering them the chance to sell their shares on the same terms as the majority.
Definition of "Tag-Along Notice" as shareholder agreement term
This definition links "Tag-Along Notice" to the specific provisions in a shareholder agreement.
"Tag-Along Notice" means the notice required under a shareholder agreement, which gives the minority shareholder the right to join in the sale of shares by the majority shareholder under the same terms.
Definition of "Tag-Along Notice" as protection against unfair treatment
This definition applies "Tag-Along Notice" to ensuring fairness in a sale transaction.
"Tag-Along Notice" refers to a provision that protects minority shareholders by allowing them to sell their shares if the majority shareholder sells their interest, ensuring fair treatment in the transaction.
Definition of "Tag-Along Notice" as equity transfer
This definition ties "Tag-Along Notice" to the transfer of equity.
"Tag-Along Notice" means a notification provided to the minority shareholders by the majority shareholders when they intend to transfer equity, granting the minority shareholders the option to sell their shares under the same conditions.
Definition of "Tag-Along Notice" as opportunity to exit
This definition links "Tag-Along Notice" to offering an exit opportunity to minority shareholders.
"Tag-Along Notice" refers to a written notice that informs the minority shareholders of the intention to sell shares, giving them the opportunity to exit the investment on the same terms as the majority.
Definition of "Tag-Along Notice" as right of participation
This definition connects "Tag-Along Notice" to the right of participation in a sale.
"Tag-Along Notice" means the right granted to minority shareholders to receive notice of the majority shareholder's sale of shares, enabling the minority shareholder to "tag along" and sell their shares on the same terms.
Definition of "Tag-Along Notice" as merger or acquisition context
This definition applies "Tag-Along Notice" in the context of mergers or acquisitions.
"Tag-Along Notice" refers to the notification sent by a selling shareholder to other shareholders, informing them of a potential merger or acquisition and offering them the chance to sell their shares under the same terms.
Definition of "Tag-Along Notice" as transaction terms disclosure
This definition ties "Tag-Along Notice" to the disclosure of terms in a transaction.
"Tag-Along Notice" means the disclosure of transaction terms, including the price and conditions of a sale, to allow minority shareholders to participate in the sale on equal footing with the majority shareholders.
Definition of "Tag-Along Notice" as buyout provision
This definition links "Tag-Along Notice" to a buyout scenario.
"Tag-Along Notice" refers to the provision in a shareholder agreement that obligates the majority shareholder to notify the minority shareholder of any sale offer, allowing the minority to sell their shares in the same transaction.
Definition of "Tag-Along Notice" as exit strategy
This definition connects "Tag-Along Notice" to exit strategies for investors.
"Tag-Along Notice" refers to the exit strategy provided to minority shareholders, giving them the right to sell their shares if the majority shareholder decides to sell their interest in the company.
Definition of "Tag-Along Notice" as shareholder notification
This definition applies "Tag-Along Notice" to formal shareholder notifications.
"Tag-Along Notice" means the formal notice given by a majority shareholder to other shareholders, advising them of a proposed sale and allowing them to join the sale under the same terms.
Definition of "Tag-Along Notice" as equal terms in sale
This definition connects "Tag-Along Notice" to ensuring equal sale terms.
"Tag-Along Notice" refers to the requirement that the majority shareholder offer the same terms to the minority shareholders when they decide to sell their shares.
Definition of "Tag-Along Notice" as right of first refusal
This definition connects "Tag-Along Notice" to a right of first refusal clause.
"Tag-Along Notice" means the right granted to a minority shareholder to receive notice of the majority shareholder's sale of shares, enabling the minority shareholder to "tag along" and sell their shares on the same terms.
Definition of "Tag-Along Notice" as negotiation trigger
This definition applies "Tag-Along Notice" to triggering negotiations.
"Tag-Along Notice" refers to the notice that triggers the right of the minority shareholder to negotiate and participate in the sale of shares by the majority shareholder.
Definition of "Tag-Along Notice" as protective measure
This definition ties "Tag-Along Notice" to protective measures for investors.
"Tag-Along Notice" means a protective measure that requires the majority shareholder to inform the minority shareholder of their sale intentions, offering them the chance to sell their shares on the same terms.
Definition of "Tag-Along Notice" as potential sale inclusion
This definition links "Tag-Along Notice" to the inclusion of minority shareholders in a potential sale.
"Tag-Along Notice" refers to a provision that includes minority shareholders in the sale process, giving them the right to sell their shares when the majority shareholder is involved in a sale.
Definition of "Tag-Along Notice" as strategic exit
This definition connects "Tag-Along Notice" to a strategic exit for minority shareholders.
"Tag-Along Notice" means a formal notice from the majority shareholder to the minority, offering them the opportunity to exit the investment on the same terms as the majority in the event of a sale.
Definition of "Tag-Along Notice" as sale of control
This definition applies "Tag-Along Notice" in the context of control transactions.
"Tag-Along Notice" refers to the notice provided to the minority shareholders in the event of a sale of control, allowing them to sell their shares under the same conditions.
Definition of "Tag-Along Notice" as sale condition
This definition ties "Tag-Along Notice" to the conditions of a sale.
"Tag-Along Notice" means a requirement in a sale agreement that ensures minority shareholders have the option to join in the sale of shares under the same conditions offered to the majority shareholders.
Definition of "Tag-Along Notice" as investor protection
This definition links "Tag-Along Notice" to investor protection mechanisms.
"Tag-Along Notice" refers to the protection given to minority investors, ensuring that they can sell their shares on the same terms as the majority shareholder when the latter decides to sell.
Definition of "Tag-Along Notice" as transfer restriction
This definition applies "Tag-Along Notice" to transfer restrictions.
"Tag-Along Notice" refers to the restriction that requires the majority shareholder to notify other shareholders of a proposed transfer and to offer them the chance to sell under the same terms.
Definition of "Tag-Along Notice" as exit opportunity for minorities
This definition connects "Tag-Along Notice" to providing an exit opportunity to minority shareholders.
"Tag-Along Notice" means the notification provided by the majority shareholder to the minority, offering them an opportunity to sell their shares in the event of a larger sale or exit transaction.
Definition of "Tag-Along Notice" as enforceable right
This definition links "Tag-Along Notice" to its enforceability in contracts.
"Tag-Along Notice" refers to a legally enforceable right for the minority shareholders to be included in a sale transaction under the same terms as the majority shareholder.
Definition of "Tag-Along Notice" as strategic alliance
This definition ties "Tag-Along Notice" to strategic alliances between shareholders.
"Tag-Along Notice" refers to the notification required by a strategic alliance agreement, allowing minority shareholders to sell their shares under the same terms as the majority if the majority decides to sell.
Definition of "Tag-Along Notice" as minority shareholder protection
This definition connects "Tag-Along Notice" to protecting minority shareholders' interests.
"Tag-Along Notice" means a formal communication from the majority shareholder to minority shareholders, offering them the opportunity to sell their shares under the same terms and conditions during a significant sale event.
Definition of "Tag-Along Notice" as equal treatment in share transfer
This definition links "Tag-Along Notice" to ensuring equal treatment for shareholders in a transfer scenario.
"Tag-Along Notice" refers to the provision that ensures minority shareholders are offered the same sale terms as the majority shareholder during any transfer of shares or sale event.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.