CGOV.12:5.2 - An exit right names a different obligated buyer

A supplied shareholder agreement gives Ivo a right, after a specified change of control, to require the controller to buy his shares. It requires notice within thirty days, uses a stated pricing formula and makes payment precede registration of the transfer. The trigger has occurred; no company repurchase right is supplied.

Ivo identifies the controller as the obligated buyer and sends the required notice in time. That preserves and exercises the contractual demand under the supplied terms. It does not establish receipt of the price or completed transfer, and sending an invoice to the company would address the wrong participant.

If the controller disputes the trigger or price, use the agreement’s dispute route and the needed specialist contribution. Preserve the exercised right and unresolved question without claiming that the dispute itself completes the exit.