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Deal Terms & Legal

Drag-along / tag-along

Drag-along lets a majority force others to join a sale; tag-along lets minorities join one on the same terms.

Why it matters

Together they keep an exit clean — no single holder can block a sale or be left behind when the company is bought.

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Get the real-world version of "Drag-along / tag-along" drawn from hundreds of conversations with founders and investors.

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Go deeper

Episodes on Venture Capital

Alex Khor's Investment Thesis

Investment Thesis with Kali Norman · 24 July 2026

Alex Khor's Investment Thesis
What Makes a Founder Worth Backing at Pre-Seed? With Ilana Elbaz | GTM at Deel

First Cheque with Cheryl Mack & Maxine Minter · 19 July 2026

What Makes a Founder Worth Backing at Pre-Seed? With Ilana Elbaz | GTM at Deel
Why Australia Builds More Unicorns per Dollar Than Anyone (Replay) | Ben Grabiner, Side Stage Ventures

First Cheque with Cheryl Mack & Maxine Minter · 5 July 2026

Why Australia Builds More Unicorns per Dollar Than Anyone (Replay) | Ben Grabiner, Side Stage Ventures
All Venture Capital episodes →
Related terms

Term sheet

A short, mostly non-binding document setting out the key terms of an investment before the long-form legals.

Right of first refusal

The right to match an offer before shares can be sold to an outside buyer.

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