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Buyout clauses are usually set at a higher amount than the player's expected market value. However, on occasion, a player at a smaller club will sign a contract but insist on a low buyout fee to attract bigger clubs if their performances generate interest, which de facto functions as a reservation price set for the selling club.
Buy–sell agreement can be in the form of a cross-purchase plan or a repurchase (entity or stock-redemption) plan. For greater neutrality and effectiveness of the buy–sell arrangement, the service of a corporate trustee is recommended. Profit or loss from a buy-sell agreement may trigger tax conquencess and taxable income. [2]
A shotgun clause (or Texas Shootout Clause [1]) 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 ...
Friendster was a social networking service originally based in Mountain View, California, founded by Jonathan Abrams and launched in March 2003. [2] [3] Before Friendster was redesigned, the service allowed users to contact other members, maintain those contacts, and share online content and media with those contacts. [4]
A deadlock provision, or deadlock resolution clause, is a contractual clause or series of clauses in a shareholders' agreement or other form of joint venture agreement which determines how disagreements on key issues are to be resolved in relation to the management of the enterprise. The drafting of the deadlock provisions will often depend to ...
An acceptance is an agreement, by express act or implied from conduct, to the terms of an offer, including the prescribed manner of acceptance, so that an enforceable contract is formed. [ 2 ] In what is known as a battle of the forms , when the process of offer and acceptance is not followed, it is still possible to have an enforceable ...
Just as the wounds surrounding digital payment company Offerpal and social gaming heavy Zynga are just starting to heal, MOL Global Ptr. Ltd. an online digital payment company that facilitates ...
Six active coaches have buyout clauses that would pay each more than $50 million if they were fired without cause, topped by Georgia's Kirby Smart ($92.5 million), LSU's Brian Kelly ($70 million ...