Shotgun Clause (Russian Roulette Clause)

A buy-sell provision where one partner offers to buy the other out at a stated price, and the other partner must either accept the offer OR buy the first partner out at that same price. Forces fair pricing because the offeror doesn't know which side of the deal they'll end up on. Effective but brutal.

Where This Matters

Related Terms

Need help understanding how this applies to your situation?

Schedule a Conversation with Dennis

Browse All Terms