Tag along and drag along rights are important. Tag along rights are rights in the hands of a minority owner of a company. It entitles the minority owner to “tag along” with a sale of interests that they are not otherwise apart of. In contrast, “drag along rights” allow a majority owner to force minority owners to sell their shares to sell a “whole” instead of a part of a business. Each have their place, and should be discussed in general on each transaction.
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