Drag-Along Rights
定义
Drag-along rights let a majority of shareholders force minority holders to join an approved sale of the company on the same terms, preventing small holders from blocking an exit.
它在融资中如何出现
Standard in venture deals so an acquirer can buy 100 percent of the company once the board and majority approve.
常见问题
Are drag-along rights founder-friendly?
Broadly yes when thresholds are reasonable; they ensure a clean exit process. The details of who can trigger them matter.
What is the opposite of drag-along?
Tag-along rights, which let minority holders join a sale initiated by larger holders on the same terms.