The Agreement:
1. Liquidity
(a) Buyout agreements – They can agree to sell their shares under certain
circumstances; this may be the right to sell to the others or the right to have its
shares redeemed by the corporation. They can also agree to give the rest of the
co-investors the right to buy their shares upon the occurrence of certain events.
If any member wants to sell their shares to a third party, it will have to be
approved unanimously by all board members.
(b) Triggers – These events have to be agreed upon by all four members of the
