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单词 shotgun clause
释义

shotgun clause

Definition
Reciprocal provision in a shareholders' agreement whereby a party which offers to buyout the other party's shares at a certain price must accept the other party's counter offer (proposed within a certain number of days) to buy its shares at the same price. Shotgun clause is typically included where two parties have equal (50-50) shareholding.
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更新时间:2025/1/22 22:58:42