Venture Deals · glossary

Pre-emption on transfer

The other holders’ right to buy shares that a holder wants to sell, at the same price, before an outsider can. If the price is not agreed, a Valuer sets the Fair Value. Article 13 · Chapter 14

Explained in Chapter 14, Transfers, Tag and Drag, of Venture Deals.

How it comes up, in Chapter 14
Every other transfer must first be offered to the existing holders. Article 13 sets out this pre-emption on transfer, a right of first refusal at the same price.
Read Chapter 14, Transfers, Tag and Drag →

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