4 ms·
This is like a roulette clause in company ownership by two parties. Either party can request the other to buy them out for, say, $1M. If the other declines, the
by beachy 4y ago
This is like a roulette clause in company ownership by two parties. Either party can request the other to buy them out for, say, $1M. If the other declines, then the first party then has the right to buy the other out for that same amount.
Aimed at preventing lame business partners who just squat there, refusing to leave but adding no value.