Shotgun Clause
Do you want the ability to get rid of your business partner? Use a Shotgun Clause.
A shotgun clause is language that forces a partner to sell his/her shares to his/her partner or buy out an offering partner. In effect, it is a way to force a divorce of your partnership.
Often, a shotgun clause works by having a shareholder offering to buy the shares of other shareholders at a specific price. Those shareholders then have the option either accepting the offer and selling their shares or buying out the offering shareholder at the specified price.
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