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A shotgun clause (or Texas Shootout Clause) is a term of art, rather than a legal term. It is a specific type of exit provision that may be included in a shareholders' agreement, and may often be referred to as a buy-sell agreement. The shotgun clause allows a shareholder to offer a specific price per share for the other shareholder(s)' shares; the other shareholder(s) must then either accept the offer or buy the offering shareholder's shares at that price per share.

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  • Clause de sortie forcée (fr)
  • Shotgun clause (en)
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  • Une clause de sortie forcée (surnommée clause shotgun) est une disposition parfois incluse dans des conventions d'actionnaires. Elle vise, à partir d'une certaine date après la date de signature du pacte d'actionnaires, à permettre à un actionnaire de la société d'offrir à ses coactionnaires d'acheter les actions qu'il détient, sans quoi, il aura le droit d'acheter les leurs. (fr)
  • A shotgun clause (or Texas Shootout Clause) is a term of art, rather than a legal term. It is a specific type of exit provision that may be included in a shareholders' agreement, and may often be referred to as a buy-sell agreement. The shotgun clause allows a shareholder to offer a specific price per share for the other shareholder(s)' shares; the other shareholder(s) must then either accept the offer or buy the offering shareholder's shares at that price per share. (en)
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  • Une clause de sortie forcée (surnommée clause shotgun) est une disposition parfois incluse dans des conventions d'actionnaires. Elle vise, à partir d'une certaine date après la date de signature du pacte d'actionnaires, à permettre à un actionnaire de la société d'offrir à ses coactionnaires d'acheter les actions qu'il détient, sans quoi, il aura le droit d'acheter les leurs. (fr)
  • A shotgun clause (or Texas Shootout Clause) is a term of art, rather than a legal term. It is a specific type of exit provision that may be included in a shareholders' agreement, and may often be referred to as a buy-sell agreement. The shotgun clause allows a shareholder to offer a specific price per share for the other shareholder(s)' shares; the other shareholder(s) must then either accept the offer or buy the offering shareholder's shares at that price per share. (en)
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