Fulton Georgia Cláusula de Derecho de Preferencia para Acuerdo de Accionistas - Right of First Refusal Clause for Shareholders' Agreement

• Category: Sociedades Anónimas - Acciones - Acuerdos Restrictivos - Alabama
• State: Multi-State
• County: Fulton
• Control #: US-01770
• Format: Word

Description

This is a model clause for a shareholder's agreement addressing Right of First Refusal. If a shareholder wishes to sell shares, the company will be given notice and has the right to buy the shares during a certain limited time period. Adapt to fit your circumstances. Fulton, Georgia, Right of First Refusal Clause for Shareholders' Agreement The Fulton, Georgia Right of First Refusal (ROAR) clause is a crucial component commonly included in shareholders' agreements for businesses operating in Fulton County, Georgia. This clause grants existing shareholders the privilege to purchase a departing shareholder's shares before they can be sold or transferred to a third party. By exercising this right, shareholders have the opportunity to maintain control and protect the company's integrity. Under the Fulton, Georgia ROAR clause, there are different types that can be integrated into a shareholders' agreement. These include: 1. Full Right of First Refusal: This type of clause provides existing shareholders with the unrestricted ability to purchase a departing shareholder's shares, matching any terms and conditions offered by the intending buyer. In this case, the departing shareholder is obligated to offer the shares to existing shareholders first, allowing them to accept or decline the purchase offer. 2. Hybrid Right of First Refusal: This variation of the ROAR clause allows existing shareholders to purchase a departing shareholder's shares but provides them with the flexibility to choose the percentage they wish to acquire. Rather than having to buy the entirety of the departing shareholder's shares, existing shareholders can decide to acquire a portion of the offered shares proportional to their current holdings. 3. Limited Right of First Refusal: In this type of ROAR clause, existing shareholders are given a predetermined priority to purchase the departing shareholder's shares within certain specified conditions. The predetermined priority might be based on the existing shareholders' proportionate ownership percentage. However, unlike the full and hybrid ROAR clauses, the limited ROAR clause does not grant existing shareholders the option to acquire the shares on the same terms as offered by the intending buyer. Regardless of the type of ROAR clause incorporated into a shareholders' agreement in Fulton, Georgia, its purpose remains constant. It ensures that existing shareholders have the right to control any change in ownership and prevents shares from passing into the hands of potentially unknown or undesirable third parties. Additionally, this clause safeguards shareholder interests, as it allows them to protect their investments and maintain the company's stability and direction. When drafting a shareholders' agreement including a Fulton, Georgia ROAR clause, it is advisable to consult with legal professionals experienced in corporate law to ensure compliance with local regulations and the agreement's enforceability within the jurisdiction.

Fulton, Georgia, Right of First Refusal Clause for Shareholders' Agreement The Fulton, Georgia Right of First Refusal (ROAR) clause is a crucial component commonly included in shareholders' agreements for businesses operating in Fulton County, Georgia. This clause grants existing shareholders the privilege to purchase a departing shareholder's shares before they can be sold or transferred to a third party. By exercising this right, shareholders have the opportunity to maintain control and protect the company's integrity. Under the Fulton, Georgia ROAR clause, there are different types that can be integrated into a shareholders' agreement. These include: 1. Full Right of First Refusal: This type of clause provides existing shareholders with the unrestricted ability to purchase a departing shareholder's shares, matching any terms and conditions offered by the intending buyer. In this case, the departing shareholder is obligated to offer the shares to existing shareholders first, allowing them to accept or decline the purchase offer. 2. Hybrid Right of First Refusal: This variation of the ROAR clause allows existing shareholders to purchase a departing shareholder's shares but provides them with the flexibility to choose the percentage they wish to acquire. Rather than having to buy the entirety of the departing shareholder's shares, existing shareholders can decide to acquire a portion of the offered shares proportional to their current holdings. 3. Limited Right of First Refusal: In this type of ROAR clause, existing shareholders are given a predetermined priority to purchase the departing shareholder's shares within certain specified conditions. The predetermined priority might be based on the existing shareholders' proportionate ownership percentage. However, unlike the full and hybrid ROAR clauses, the limited ROAR clause does not grant existing shareholders the option to acquire the shares on the same terms as offered by the intending buyer. Regardless of the type of ROAR clause incorporated into a shareholders' agreement in Fulton, Georgia, its purpose remains constant. It ensures that existing shareholders have the right to control any change in ownership and prevents shares from passing into the hands of potentially unknown or undesirable third parties. Additionally, this clause safeguards shareholder interests, as it allows them to protect their investments and maintain the company's stability and direction. When drafting a shareholders' agreement including a Fulton, Georgia ROAR clause, it is advisable to consult with legal professionals experienced in corporate law to ensure compliance with local regulations and the agreement's enforceability within the jurisdiction.

Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.