Can someone explain what is the share consent?

1 Answer(s)

In this scenario, also known as a “lock-up”, an investor must give their consent to a business if those running it wish to sell their shares at a later date. Startup investment often requires that the founders who came up with the idea stay in place, giving their passion and dedication to the project.  A lock-up stipulation protects the investor from a startup entrepreneur selling up, after acquiring investment, to a third party who may not be what the investor is looking for.

acr30 Expert Answered on September 7, 2015.
Add Comment

Your Answer

By posting your answer, you agree to the privacy policy and terms of service.