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Most Founders' Agreements Include a ________ Clause, Which Legally Obligates

Question 67

Multiple Choice

Most founders' agreements include a ________ clause, which legally obligates the departing founder to sell to the remaining founders his or her interest in the firm if the remaining founders are interested.


A) redemption
B) buyback
C) statutory purchase
D) voluntary recoup
E) shareholder surrender

Correct Answer:

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