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Buy-sell provision (See Chapter 40 of the Vernimmen)
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.
Buy-sell provision (See Chapter 40 of the Vernimmen)
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.
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