Definition for : Buy-sell provision
Under a buy-sell Provision, one of various possible exit clauses in a Shareholders' agreement. Shareholder A offers to sell its shares at a price X to shareholder B. Either B agrees to buy the shares at price X, or if he refuses, he must offer his stake to A at the same price X. A buy-sell Provision is also called Dutch clause or Shotgun clause.
(See Chapter 40 Setting up a company or financing start-ups of the Vernimmen)
To know more about it, look at what we have already written on this subject