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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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Episodes on Venture Capital

Ian Gardiner's Investment Thesis | Investment Thesis with Kali Norman

Investment Thesis with Kali Norman · 21 October 2026

Ian Gardiner's Investment Thesis | Investment Thesis with Kali Norman
Why Australia Has More AI PhDs Than Anywhere | First Cheque

First Cheque with Cheryl Mack & Maxine Minter · 28 September 2026

Why Australia Has More AI PhDs Than Anywhere | First Cheque
Mick Liubinskas' Investment Thesis

Investment Thesis with Kali Norman · 18 September 2026

Mick Liubinskas' Investment Thesis
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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