Strike sentence in the Tag-Along Agreement

Aug 6th, 2022
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How to strike sentence in the Tag-Along Agreement

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welcome back to the Constitutional claran this video is about confidence and Supply agreements and in particular the rather peculiar confidence and Supply agreement that was recently negotiated between the Jackie glami network jln members and the rockliff government in Tasmania but first before I get to that a little bit about what confidence and Supply Agreements are and their history in Australia now when theres a hung Parliament there are basically two main options the first is the formation of a coalition government which joins together two parties so that together they have majority support in the lower house an example is the Coalition that was formed by the conservative party in the United Kingdom with the liberal Democrats back in 2010 the second option and the more common one is a minority government as long as The Government Can Survive confidence motions and get its budget bills passed so that it has the money to be able to govern then it can sustain defeats on other matter

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Rights of first refusal are often paired with co-sale rights (also known as tag-along rights). Co-sale rights give the holder the option to participate in the sale of the startupor any other liquidation eventon equal terms as the other parties involved.
Tag-along rights also referred to as co-sale rights, are contractual obligations used to protect a minority shareholder, usually in a venture capital deal. If a majority shareholder sells his stake, it gives the minority shareholder the right to join the transaction and sell their minority stake in the company.
A tag-along (or co-sale) provision for a stockholders agreement that gives minority stockholders the right to participate on a pro rata basis in a majority stockholders sale of its common stock to a third party. This Standard Clause has integrated notes with important explanations and drafting and negotiating tips.
For example, if you own 10% of the companys shares and you have a tag along right, you would be given the opportunity to sell 10% of the total parcel of shares that are being sold. This type of clause would typically result in shareholders selling some of their shares, but none of them being able to sell all of them.
Co-sale rights are similar to tag along rights, but applies when a majority shareholder is selling only a proportion of its shares. The sale is made conditional on an offer being made to minority shareholders to sell the same proportion of their shares.

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