Shotgun clause

Represents terms and conditions determined in advance for the purchase or sale of shares in the event that a disagreement or dispute occurs between shareholders and that it could not be resolved by arbitration or by other means, or simply if a shareholder wishes, for any reason whatsoever, to terminate its agreement with the other shareholders. This clause provides that a shareholder may offer to purchase the shares of other shareholders and that they have the choice to either accept or reject such offer. However, if they do not accept it, they are automatically required to purchase the shares of the offering shareholder at the same price and conditions. It could be summarized as "Sell me or Buy me."