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Most Founders' Agreements Include a ________, Which Legally Obligates the Departing

Question 4

Multiple Choice

Most founders' agreements include a ________, 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 clause
B) buyback clause
C) statutory purchase clause
D) voluntary recoup clause
E) shareholder surrender clause

Correct Answer:

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