What is a Change of Control Clause?
3 mins
Change of control clauses dictate specific outcomes when a company is sold. Founders must understand how these provisions affect debt repayment, stock vesting, and overall exit strategy.
Startup Legal Terms
What is a Right of First Refusal (ROFR)?
3 mins
A practical overview of ROFR clauses for founders, detailing how they control equity transfers, differ from Right of First Offer, and impact startup deal dynamics.