Tag-Along Right
"Where are tag-along rights defined?"
Quick Answer
A contractual right protecting minority shareholders. If the majority shareholder sells their stake, minority shareholders can join the transaction and sell their shares under the same terms.
Scope and Legal Distinctions
A tag-along clause permits an eligible holder to join another shareholder's sale on agreed terms. It is not the same as a statutory minority exit right.
What to Check in Practice
Define covered sellers, trigger, price, participation amount, notice and completion; align the clause with mandatory share-transfer rules.
Sources & Authorities
Statutory framework and official guidance for this definition.
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