A Drag-Along Agreement is a vital legal instrument used in corporate governance to protect majority shareholders during a sale or transfer of shares. This template helps you create a comprehensive agreement that compels minority shareholders to participate in the sale under the same terms as the majority, ensuring smooth transactions and preventing holdouts. It includes essential sections such as definitions, rights and obligations, procedures for notice and sale, representations and warranties, indemnification, and dispute resolution. By following this structured template, you can draft a clear, enforceable agreement that balances interests and mitigates risks. Whether you are a startup founder, investor, or legal professional, this template streamlines the creation of a robust drag-along clause tailored to your needs.
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