There are several considerations that a private company should consider when deciding whether or how such a transaction should be operated. In addition, long before a private company reaches the point where such a transaction is possible, there are steps to consider to allow the company to control a number of secondary transactions in its road stock. These themes are summarized below. In the case of a business-sponsored transaction, the entity must decide which shareholders are allowed to sell their shares and, if so, the limits they sell to them. For example, it is not uncommon to limit a liquidity operation to current employees of the company in order to offer a reward for their years of effort and added value. In this scenario, it is quite typical to limit the amount of a worker to a small percentage of his free movement shares (p.B 10%) 1999, point 1.3.1999, and with respect to the Committee on the Interior, the policy of the Committee on the Interior, the policy of the Committee on the Interior, and in recent years, a private shareholder has waited until the company has gone public or acquired in order to obtain a return on investment. However, in recent years, shareholders of many private companies have participated in “cash cycles,” sometimes referred to as secondary sales, where they sold all or part of their shares for cash payments long before (and the business does not enter or is never acquired). If the seller transfers only part of his share and retains the rest, it is important for the sales contract to look into the allocation of the seller`s rights. The default position under the shareholder contract – which may be undesirable – may require the seller and the new investor to exercise these rights together. The main source of these basic rules is the shareholders` pact or the Investor Rights Agreement (which we refer to in this article as the shareholders` pact).

The company`s organisational documents, as well as all confidentiality agreements and letters of complicity with shareholders may also contain applicable requirements or conditions.