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Most shareholder agreements include restrictions on the sale or transfer of shares to prevent unwanted partnerships. For instance, if a business partner wants to sell their shares, you could end up with a stranger as a partner, which is undesirable. To avoid this, shareholder agreements typically employ several mechanisms: 1. Right of First Refusal - gives existing shareholders the first opportunity to purchase the shares before they are sold to an outside party. 2. Preemptive Right - allows existing shareholders the first chance to buy new shares issued by the corporation.3. Tag-Along Right (or Piggyback Right) - enables minority shareholders to join in on a sale if a majority shareholder decides to sell their shares. These mechanisms protect the interests of existing shareholders.