What is a Redemption Order?
A redemption order is a contract between a company and its shareholders that allow the latter to sell their interests to the company instead of a co-owner. The contract states who the obligated parties are, what their roles and responsibilities are under the contract, and what protocls shareholders can tke to sell of their interests. This contract is useful for companies who want to avoid business interests being sold to third parties, and it allows them to retain business interests within the company's existing workforce.
The purpose of the redemption order is to create a workflow that shareholders can follow if they wish to sell business interests.
Who Helps With Redemption Orders?
Lawyers with backgrounds working on redemption orders work with clients to help. Do you need help with a redemption order?
Post a projectin ContractsCounsel's marketplace to get free bids from lawyers to draft, review, or negotiate redemption orders. All lawyers are vetted by our team and peer reviewed by our customers for you to explore before hiring.
