> what are common things and perhaps some not so common things that go into > such a document?
Hey Jason, In answer to your original question, pay close attention to including "drag along" and "tag along" clauses and how they might play out in the long run. ------From Wiki:------------ Drag-Along Right is a legal concept in corporate law. The right assures that if the majority shareholder sells his stake, minority holders are forced to join the deal. This right protects majority shareholders. A tag-along right is a legal concept in corporate law. The right assures that if the majority shareholder sells his stake, minority holders have the right to join the deal and sell their stake at the same terms and conditions as would apply to the majority shareholder. This right protects minority shareholders. ----------------- Don't take a passive role in developing and negotiating agreement by leaving it up to lawyers to discuss and advise. And absolutely don't shy away from playing devil's advocate - much to my detriment in from past experience, the most unlikely thing you think might happen, has a nasty habit of actually happening. Work out the worse case scenarios (ie the company failing, a shareholding forcing a loan repayment etc) and play it against the agreement to see how you personally would fare. And then play out some best case sceanrios (a sudden buy out offer etc) and work out what clauses, which partners could potentially jeopardise the opportunity. Money changes everyone! Daniel Barnett Founder - WORKetc ----------------------------------- E: [email protected] W: www.WORKetc.com -- You received this message because you are subscribed to the Silicon Beach Australia mailing list. Vist http://siliconbeachaustralia.org for more Forum rules 1) No lurkers! It is expected that you introduce yourself. 2) No jobs postings. You can use http://siliconbeachaustralia.org/jobs To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/silicon-beach-australia?hl=en?hl=en
