Drag-Along Right
"What is the benefit of a drag-along right?"
Quick Answer
A contractual right allowing a majority shareholder to force minority shareholders to join in the sale of the company to a third party on the same terms.
Scope and Legal Distinctions
A drag-along clause allows specified shareholders to require others to join a sale under agreed conditions. It does not bypass mandatory company-specific share-transfer requirements.
What to Check in Practice
Define the trigger, minimum price, buyer, notice, warranties and completion process; align the clause with the articles and transfer restrictions.
Sources & Authorities
Statutory framework and official guidance for this definition.
Need Expert Legal Guidance?
Our experienced attorneys can help you navigate drag-along right under Turkish law.
Schedule a Consultation