White Label SaaS · glossary
A new owner taking charge of a company, through shares, votes, its articles or an agreement. If a payroll software rival takes control of Tressick, clause 14.5 lets Larchpay end the Agreement on 3 months' notice. Larchpay must give it within 3 months after it learns of the takeover. Agreement 14.5 · Chapter 10 · see Exit Period
Explained in Chapter 10, Termination, Change of Control and the Exit Period, of White Label SaaS.
The main page for this term is Change of control, in M&A Foundations.
Yet Larchpay cares who owns Tressick. A rival payroll software company that owned Tressick would see Larchpay's wholesale prices. Larchpay would also be running its app for a rival's customers. So the Agreement gives Larchpay a change of control right, a right to leave when a rival takes charge of Tressick…Read Chapter 10, Termination, Change of Control and the Exit Period →
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