Shareholders' Agreements · glossary
The nickname for the buy-sell notice. One owner names a single price per share without knowing whether it will end up buying or selling at it. So it must name a price it can live with either way. Clause 6.5 · Chapter 5
Explained in Chapter 5, Deadlock, of Shareholders' Agreements.
Ferris wanted a buy-sell clause, often called Russian roulette. One owner names a single price per share. The other must then either buy the first owner's shares at that price or sell its own at it. The owner naming the price does not know which will happen, so it must name a price it can live with either way.Read Chapter 5, Deadlock →
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